557A.19 Lienholder’s rights. Any purchaser who fails to object and specify the invalidity or defect contained in the time-share instrument within sixty days after receipt of written notice that the developer hasassigned the receivables to the lienholder may not claim that the time-share instrument isinvalid, void, or voidable in any subsequent action for enforcement of the collection of thereceivables by the lienholder. The notice shall be by certified mail or personal delivery andstate that the developer has assigned the receivables to the lienholder and that the purchaserhas sixty days within which to object and specify the invalidity or defect contained withinsuch instrument. Any objection shall be written and delivered by certified mail or personaldelivery to the lienholder. 85 Acts, ch 155, §19Referred to in §557A.3 Sat Dec 23 11:05:12 2023 Iowa Code 2024, Section 557A.19 (16, 0)
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