GroundRules
Iowa Code § 535B.12: Payment processing.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 535B - MORTGAGE BANKERS, MORTGAGE BROKERS, AND CLOSING AGENTS
- Subchapter I - MORTGAGE BANKING, MORTGAGE BROKERS, AND CLOSING AGENTS
A licensee or other mortgagee shall not assess a late charge if full payment is received before the date late charges are authorized in the mortgage documents and shall post all periodic payments in full within two business days of receipt.
Collected 2026-09-14T19:40:14Z. Source file · JSON