A bill for an act relating to declaration of value and groundwater hazard statement requirements.
What changed between versions
Changed from amending only section 558.69 to also amending section 428A.1, subsection 2, creating a new comprehensive framework for declaration of value requirements across all real property transfers.
Added detailed requirements for declarations of value, including provisions for multiple parcels located in different counties requiring separate declarations submitted to each county recorder.
Expanded exemptions from specific deed types to include a comprehensive list of instruments described in section 428A.2 subsections 2 through 5, 7 through 13, and 16 through 21, plus additional federal agency and eminent domain transfer exemptions.
Added specific language requiring declarations to be signed by at least one seller, buyer, or their agents, clarifying who must sign the declaration of value.