Iowa Admin. Code r. 61-33.10 - Interest holders
(1) The
term "interest holder" shall include an entity which owns or holds a properly
perfected mortgage, security interest, or other interest in real or personal
property.
(2) An interest holder
with an exempt interest in forfeited property may be appointed as an agent to
act in disposing of forfeited property. An interest holder acting as an agent
in disposing of forfeited property shall be relieved of any and all duties that
would be imposed on the lienholder if it were acting in its capacity as a
lienholder.
Notes
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