615.3 - FUTURE JUDGMENTS WITHOUT FORECLOSURE.

        615.3  FUTURE JUDGMENTS WITHOUT FORECLOSURE.         A judgment hereafter rendered on a promissory obligation secured      by a mortgage, deed of trust, or real estate contract upon property      which at the time of the judgment is either used for an agricultural      purpose as defined in section 535.13 or a one-family or two-family      dwelling which is the residence of the mortgagor, but without      foreclosure against the security, shall not be subject to renewal by      action thereon, and, after the lapse of two years from the date of      rendition, shall be without force and effect for any purpose      whatsoever except as a setoff or counterclaim.  As used in this      section, "mortgagor" means a mortgagor of a mortgage or a      borrower executing a deed of trust as provided in chapter 654 or the      vendee of a real estate contract.  
         Section History: Early Form
         [C35, § 11033-g1; C39, § 11033.3; C46, 50, 54, 58, 62, 66, 71,      73, 75, 77, 79, 81, § 615.3] 
         Section History: Recent Form
         94 Acts, ch 1115, §2; 94 Acts, ch 1199, §67; 95 Acts, ch 49, §22         Referred to in § 654.1A         See also §654.1A