Property Ownership
Iowa's Marketable Title Act is designed to:
ASet maximum prices for real estate transactions
BSimplify title searches by extinguishing old claims after a certain period✓ Correct
CRequire all property owners to register title with the county
DMandate title insurance on all Iowa transactions
Explanation
Iowa's Marketable Title Act (Iowa Code Chapter 614A) extinguishes old title claims, encumbrances, and interests after 40 years unless re-recorded, simplifying title searches and promoting marketable title.
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