Iowa Admin. Code r. 27-50.180

Current through Register Vol. 47, No.14, January 8, 2025

Rule 27-50.180 - Satisfaction of liens

(1) A lien placed on private property shall be satisfied to the extent of the value of the consideration received at the time of transfer of ownership. Any unsatisfied portion shall remain as a lien on the property and shall be satisfied in accordance with this paragraph. Testate and intestate transfers are excluded from this rule if the entire parcel of land subject to the lien is transferred and the transferee is related to the transferor within the second degree of consanguinity or affinity.

(2) The department shall maintain or renew liens from time to time as may be required.

(3) Moneys derived from the satisfaction of liens established under this part shall be deposited in the state abandoned mined land fund.

Iowa Admin. Code r. 27-50.180