The bill amends Section 558.69 of the Iowa Code to modify the requirements for submitting a groundwater hazard statement alongside a declaration of value to the county recorder. Specifically, it introduces an exception for deeds that involve the transfer of assets to beneficiaries of a trust when conveyed without consideration. In such cases, the submitter is not required to provide a groundwater hazard statement.

This change aims to streamline the process for certain property transactions, reducing the administrative burden on individuals transferring assets in trust situations. The bill clarifies that the exemption applies specifically to deeds described in section 428A.2, subsection 22, and as outlined in subsection 8, thereby ensuring that the requirement for a groundwater hazard statement remains in place for other types of declarations.

Statutes affected:
Introduced: 558.69