If the property is held by a redeeming creditor, the redeeming creditor’s lien, and the claim out of which the lien arose, will be held to be extinguished, unless the redeeming creditor pursues the course pointed out in sections 628.18 through 628.20.
Iowa Code § 628.17
Claim extinguished
Applied in 2 court decisions — leading case In Re Litwiller (2006)
Most recently applied in In Re Litwiller (December 2006)
[C51, §1936; R60, §3344; C73, §3114; C97, §4055; C24, 27, 31, 35, 39, §11788; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §628.17] 2019 Acts, ch 59, §211
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.