Iowa Code 628.5 – Redemption by creditors
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 628.5
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
628.5 Redemption by creditors.
If redemption is not made by the debtor as provided in § 628.3, thereafter, and at
any time within nine months from the day of sale, redemption may be made by a mortgagee before or after the debt secured by the mortgage falls due, or by any creditor whose claim becomes a lien prior to the expiration of the time allowed for redemption.
[C51, §1927, 1928; R60, §3333, 3334; C73, §3103, 3104; C97, §4046; C24, 27, 31, 35, 39,
§11776; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §628.5]
2019 Acts, ch 59, §206
Referred to in §535.8, 628.26, 628.27, 628.28
If redemption is not made by the debtor as provided in § 628.3, thereafter, and at
any time within nine months from the day of sale, redemption may be made by a mortgagee before or after the debt secured by the mortgage falls due, or by any creditor whose claim becomes a lien prior to the expiration of the time allowed for redemption.
[C51, §1927, 1928; R60, §3333, 3334; C73, §3103, 3104; C97, §4046; C24, 27, 31, 35, 39,
§11776; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §628.5]
2019 Acts, ch 59, §206
Referred to in §535.8, 628.26, 628.27, 628.28