Iowa Demand to Record Satisfaction by Corporation

When a lien is satisfied by payment, Iowa law requires the lien holder to acknowledge satisfaction of the lien in the mechanic's lien book or in writing. If necessary, any party with an interest in the property may make a written demand on the lienholder that an acknowledgement of satisfaction be recorded. Failure of the lienholder to acknowledge satisfaction of the lien within thirty (30) days of reciept of the demand will result in the lien holder being held liable for any damages that result from the refusal to comply with the demand.