Iowa Senate Bill SF2156

Iowa 2023-2024 Regular Session

• Introduced: 1/31/24

Caption

A bill for an act requiring that land within a levee or drainage district be included in an abstract of title.(Formerly SSB 3066.)

Impact

The implications of SF2156 on state laws are significant, as it pertains to improvements in property law regarding title abstracts. By mandating the inclusion of levee and drainage district information in title abstracts, the bill aims to prevent potential disputes or misunderstandings related to property rights and liabilities. This requirement is likely to influence real estate transactions and could lead to increased scrutiny of properties' proximity to levee or drainage systems, addressing potential risks such as flooding and property damage.

Summary

Senate File 2156 (SF2156) is a legislative proposal aimed at enhancing transparency regarding land within levee and drainage districts in Iowa. Under this bill, attorneys and abstractors responsible for preparing an abstract of title for properties located within these districts will be required to explicitly indicate that the land is part of such a district. This measure seeks to ensure that property buyers and owners are fully informed about the status and obligations associated with such land, particularly concerning flood control and drainage management.

Contention

Although the discussion around SF2156 has not been detailed in the available documentation, it is reasonable to infer that there may be points of debate regarding the increased administrative responsibilities imposed on attorneys and abstractors. Some stakeholders might argue that this requirement could lead to additional costs or delays in property transactions. Furthermore, concerns may arise about how comprehensively such information is conveyed and the potential legal implications for failing to disclose it adequately.