A bill for an act relating to the purchase of single-family residences by certain business entities.

HF 2207 restricts private equity companies from purchasing single-family homes in Iowa during the first 75 days a home is listed for sale. The 75-day period begins when the home is first listed through a real estate broker, multiple listing service, or public online platform. After this period, companies must submit a sworn affidavit to the county recorder confirming the purchase occurred after the 75 days or is exempt under other law, and the county recorder cannot record the deed without it. The law also prohibits companies from evading these rules by using subsidiaries, affiliates, or agents.