Property Ownership
Iowa's Marketable Title Act is intended to:
ARequire all Iowa property to be insured by title insurance
BSimplify title examination by limiting how far back a title search must extend✓ Correct
CMandate that all property transfers be completed using warranty deeds
DEstablish maximum recording fees for deeds
Explanation
Iowa's Marketable Title Act simplifies title examination by providing that a title is marketable if there is a clear chain of title for a specified period (typically 40 years). This limits the need to search title back to the original patent in many cases.
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