249F.6 - SECURITY FOR PAYMENT OF DEBT -- FORFEITURE. - Iowa Statutes

249F.6 SECURITY FOR PAYMENT OF DEBT -- FORFEITURE. Upon entry of a court order or upon the failure of a transferee to make payments pursuant to a court order, the court may require the transferee to provide security, a bond, or other guarantee which the court determines is satisfactory to secure the payment of the debt under the court order. If the transferee fails to make payments pursuant to the court order, the court may declare the security, bond, or other guarantee forfeited.          Section History: Recent Form 93 Acts, ch 106, §6