561.22 Notice of homestead exemption waiver requirement.
1. a. Except as otherwise provided in subsection 2, if a homestead exemption waiver is contained in a written contract affecting agricultural land as defined in section 9H.1, or dwellings, buildings, or other appurtenances located on the land, the contract must contain a statement in substantially the following form, in boldface type of a minimum size of ten points, and be signed and dated by the person waiving the exemption at the time of the execution of the contract:
I understand that homestead property is in many cases protected from the claims of creditors and exempt from judicial sale; and that by signing this contract, I voluntarily give up my right to this protection for this property with respect to claims based upon this contract.
b. A principal or deputy state, county, or city officer shall not be required to waive the officer’s homestead exemption in order to be bonded as required pursuant to chapter 64.
2. This section shall not apply to a written contract affecting agricultural land of less than forty acres.
86 Acts, ch 1214, §8; 87 Acts, ch 67, §1; 89 Acts, ch 153, §3; 2005 Acts, ch 86, §1
Structure Iowa Code
Section 561.1 - “Homestead” defined.
Section 561.2 - Extent and value.
Section 561.3 - Dwelling and appurtenances.
Section 561.4 - Selecting — platting.
Section 561.5 - Platted by officer having execution.
Section 561.6 - Platting under order of court.
Section 561.7 - Changes — nonconsenting spouse.
Section 561.8 - Referees to determine exemption.
Section 561.9 - Referring back — marking off — costs.
Section 561.10 - Change of circumstances.
Section 561.11 - Occupancy by surviving spouse.
Section 561.12 - Life possession in lieu of dower.
Section 561.13 - Conveyance or encumbrance.
Section 561.15 - Removal of spouse or children.
Section 561.19 - Exemption in hands of issue.
Section 561.20 - New homestead exempt.
Section 561.21 - Debts for which homestead liable.
Section 561.22 - Notice of homestead exemption waiver requirement.