Iowa Code

Iowa Code § 561.20 (2026)

New homestead exempt

✓ current as of July 2026

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Where there has been a change in the limits of the homestead, or a new homestead has been acquired with the proceeds of the old, the new homestead, to the extent in value of the old, is exempt from execution in all cases where the old or former one would have been. [C51, §1257; R60, §2289; C73, §2001; C97, §2981; C24, 27, 31, 35, 39, §10154; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §561.20]

Notes of Decisions

Cited in 22 cases (3 in the last 5 years), 1991–2026 · leading case: LaSalle Bank, N.A. v. Takes (In Re Takes), 334 B.R. 642 (N.D. Iowa 2005).

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LaSalle Bank, N.A. v. Takes (In Re Takes), 334 B.R. 642 (N.D. Iowa 2005). · cites it 34× “20 states: Where ... a new homestead has been acquired with the proceeds of the old, the new homestead, to the extent in value of the old, is exempt from execution in all cases where the old or former one would have been.”

In Re Allen, 301 B.R. 55 (Bankr. S.D. Iowa 2003). · cites it 12× “Iowa Code § 561.20 . Lastly, with respect to debts for which the homestead is liable, Iowa Code section 561.”

In Re Streeper, 158 B.R. 783 (Bankr. D. Iowa 1993). · cites it 2× “Iowa Code § 561.20 provides for a transfer of exemption rights when there is a change of homestead: New homestead exempt Where there has been a change in the limits of the homestead, or a new homestead has been acquired with the proceeds of the old, the new homestead, to the…”

In Re Caslavka, 179 B.R. 141 (Bankr. D. Iowa 1995). · cites it 2× “30, 1993); Iowa Code § 561.20 . Whether exempt pension plan funds retained their exempt status after rollover to an IRA was a-critical issue in In re Woods, 59 B.”

Walters v. Bank of West (In Re Walters), 450 B.R. 109 (8th Cir. BAP 2011). · cites it 2× “20 of the Iowa Code as an exempt homestead because the Pleasant Hill property was acquired with the proceeds of a former homestead, the Cerromar property in Florida, which was acquired prior to the bank’s judgments. Section 561.20 provides: “Where [¶].”

In Re White, 293 B.R. 1 (Bankr. D. Iowa 2003). · cites it 2× “Iowa Code § 561.20 (2001). A person may acquire rights in a new homestead in the following ways: 1) by purchase, with funds not derived from the old homestead, or 2) by changing from one homestead to another by a) exchange or b) purchase of a new homestead with the proceeds of…”

Stephens v. Holbrook (In Re Stephens), 402 B.R. 1 (10th Cir. BAP 2009). “Iowa Code § 561.20 (1992) ("Where there has been a change in the limits of the homestead, or a new homestead has been acquired with the proceeds of the old, the new homestead, to the extent in value of the old, is exempt from execution in all cases where the old or former one…”

In Re Karrer, 183 B.R. 177 (Bankr. D. Iowa 1994). · cites it 2× “See Iowa Code § 561.20 . Under bankruptcy law, as to Braunger’s claim, the proceeds would be those obtained from the sale of the entire property set aside as exempt in bank *181 ruptcy despite the fact that the homestead claim may exceed that allowed by Iowa Code § 561.”

In Re Meyer, 392 B.R. 416 (Bankr. D. Iowa 2008). · cites it 2× “Iowa Code § 561.20 . This Court has discussed Iowa’s homestead exemption scheme in several cases, including In re White, 293 B.”

Braunger v. Karrer, 563 N.W.2d 1 (Iowa 1997). · cites it 2× “Iowa Code § 561.20 . Under the bankruptcy law, as to Braunger’s claim, the proceeds would be those obtained from the sale of the entire property set aside as exempt in bankruptcy despite the fact that the homestead claim may exceed that allowed by Iowa Code section 561.”

In Re Blair, 125 B.R. 303 (Bankr. D.N.M. 1991). “110, § 12-906 (Smith-Hurd 1984) (within one year); Iowa Code Ann. § 561.20 (West 1950) (no time stated); Me.”

Hanrahan v. Roberts (In Re Roberts), 450 B.R. 159 (N.D. Iowa 2011). · cites it 4× “Iowa law contemplates such a scenario: Where there has been a change in the limits of the homestead, or a new homestead has been acquired with the proceeds of the old, the new homestead, to the extent in value of the old, is exempt from execution in all cases where the old or…”

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