General Assembly: 82 (2008 Regular GA) - Chapter 1055 - Real estate transactions — closing protection letter coverage


Published: 2008-04-11

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187 LAWS OF THE EIGHTY-SECOND G.A., 2008 SESSION CH. 1055

7. (7) A statement that an absentee ballot will bemailed to the applicant within twenty-four hours after the ballot for the election is available. c. The commissioner shall make receipt forms required by this section available for photo-

copying at the expense of the political party, candidate, or committee.

Approved April 11, 2008

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CH. 1054CH. 1054

CHAPTER 1054 GIFT TO IOWA’S FUTURE RECOGNITION DAY

S.F. 2108

AN ACT relating to the designation of a gift to Iowa’s future recognition day.

Be It Enacted by the General Assembly of the State of Iowa:

Section 1. NEW SECTION. 1C.15 GIFT TO IOWA’S FUTURE RECOGNITION DAY. The governor of this state is hereby authorized and requested to issue annually a proclama-

tion designating the first Monday in April as Gift to Iowa’s Future Recognition Day to recog- nize, celebrate, and honor those public-spirited individuals and corporations who have do- nated land or a conservation easement to benefit Iowa’s parks, trails, fish and wildlife habitat, natural areas, open spaces, and public recreation areas and for other public uses and benefits. The department of natural resources shall maintain a registry to record the names of and suit- ably honor all persons who have donated land or a conservation easement for public use as described in this section.

Approved April 11, 2008

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CH. 1055CH. 1055

CHAPTER 1055 REAL ESTATE TRANSACTIONS —

CLOSING PROTECTION LETTER COVERAGE

S.F. 2117

AN ACT relating to coverage of closing protection letters in real estate transactions and pro- viding an effective date.

Be It Enacted by the General Assembly of the State of Iowa:

Section 1. Section 16.93, subsection 1, Code 2007, is amended to read as follows: 1. The authority through the title guaranty division may issue a closing protection letter to

a person to whom a proposed title guaranty is to be issued, upon the request of the person,

188LAWS OF THE EIGHTY-SECOND G.A., 2008 SESSIONCH. 1055

if the division issues a commitment for title guaranty or title guaranty certificate. The closing protection letter shall conform to the terms of coverage and form of the instrument as ap- proved by the division board and may indemnify a person to whom a proposed title guaranty is to be issued against loss of settlement funds due to only the following acts of the division’s named participating attorney, or participating abstractor, or closer: a. Theft of settlement funds. b. Failure by the participating attorney, or participating abstractor, or closer to complywith

written closing instructions of the person to whom a proposed title guaranty is to be issued relating to title certificate coveragewhen agreed to by the participating attorney, or participat- ing abstractor, or closer.

Sec. 2. EFFECTIVEDATE. This Act, being deemed of immediate importance, takes effect upon enactment.

Approved April 11, 2008

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CH. 1056CH. 1056

CHAPTER 1056 REGULATION OF CARNIVAL AND FAIR SAFETY —

AMUSEMENT RIDE INSPECTIONS

S.F. 2157

AN ACT relating to amusement ride safety inspection fees and special inspectors authorized by the division of labor services in the department of workforce development and provid- ing an effective date.

Be It Enacted by the General Assembly of the State of Iowa:

Section 1. Section 88A.3, Code 2007, is amended to read as follows: 88A.3 RULES. The commissioner shall adopt and issue rules for the safe installation, repair, maintenance,

use, operation, and inspection of amusement devices, amusement rides, concession booths, and related electrical equipment at carnivals and fairs to the extent necessary for the protec- tion of the public. The rules shall be based upon on generally accepted engineering standards and shall be concerned with, but not necessarily limited to, engineering force stresses, safety devices, and preventive maintenance. Whenever such If standards are available in suitable form they, the standards may be incorporated by reference. The rules shall provide for the reporting of accidents and injuries incurred from the operation of amusement devices or rides, concession booths, or related electrical equipment. The commissionermaymodify or repeal any rule adopted under the provisions of this chap-

ter.

Sec. 2. Section 88A.4, Code 2007, is amended to read as follows: 88A.4 PERMIT AND INSPECTION FEES — NONLIABILITY AND SPECIAL INSPEC-

TORS. Annual inspection fees under this chapter shall be as follows: 1. Permit fees. a. One through ten rides, or devices or concessions, twenty thirty dollars.