615.3 Future judgments without foreclosure. A judgment hereafter rendered on a promissory obligation secured by a mortgage, deed of trust, or real estate contract upon property which at the time of the judgment is either used foran agricultural purpose as defined in section 535.13 or a one-family or two-family dwellingwhich is the residence of the mortgagor, but without foreclosure against the security, shallnot be subject to renewal by action thereon, and, after the lapse of two years from the dateof rendition, shall be without force and effect for any purpose whatsoever except as a setoffor counterclaim. As used in this section, 'mortgagor' means a mortgagor of a mortgage or aborrower executing a deed of trust as provided in chapter 654 or the vendee of a real estatecontract. [C35, §11033-g1; C39, §11033.3; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §615.3]94 Acts, ch 1115, §2; 94 Acts, ch 1199, §67; 95 Acts, ch 49, §22Referred to in §654.1A Sat Dec 23 11:18:48 2023 Iowa Code 2024, Section 615.3 (15, 0)
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