Iowa Code 654A.5 – Voluntary mediation proceedings
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 654A.5
- Agricultural property: means agricultural land that is principally used for farming as defined in section 9H. See Iowa Code 654A.1
- Creditor: means the holder of a mortgage on agricultural property, a vendor of a real estate contract for agricultural property, a person with a lien or security interest in agricultural property, or a judgment creditor with a judgment against a debtor with agricultural property. See Iowa Code 654A.1
- Farm mediation service: means the organization selected pursuant to section 13. See Iowa Code 654A.1
A borrower who owns agricultural property or a creditor of that borrower may request mediation of the indebtedness by applying to the farm mediation service. The farm mediation service shall make voluntary mediation application forms available. The farm mediation service shall evaluate each request and may direct a mediator to meet with the borrower and creditor to assist in mediation.