All Roll Calls
Yes: 189 • No: 0
IowaSF 39891st General Assembly (2025–2026)SenateWALLET
A bill for an act relating to closing costs for a debt secured by an interest in land. (Formerly SSB 1103.) Effective date: 07/01/2025.
Sponsored By: COMMITTEE ON COMMERCE
Signed by Governor
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Closing cost rules change for some Iowa mortgages
Beginning 07/01/2025, some Iowa home loans are not bound by Iowa fee caps on closing costs. This applies only to consumer loans secured by land that are made by a licensed or registered mortgage banker. The loan’s APR, points, and fees must be at or below federal thresholds under 12 C.F.R. 1026.43(e)(2)(vi) and (e)(3). If these conditions are met, Iowa’s fee limits do not apply; the loan must stay within those federal thresholds to qualify. Your closing costs may end up higher or lower than under Iowa’s prior caps.
Sponsors & Cosponsors
Sponsor
COMMITTEE ON COMMERCE
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 4/28/2025
Passed Senate
Yes: 49 • No: 0
House vote • 4/17/2025
Passed House
Yes: 93 • No: 0
Senate vote • 3/26/2025
Passed Senate
Yes: 47 • No: 0
Actions Timeline
Signed by Governor.
5/6/2025SenateReported correctly enrolled, signed by President and Speaker, and sent to Governor.
5/6/2025SenateMessage from Senate.
4/29/2025HouseImmediate message.
4/28/2025SenatePassed Senate, yeas 49, nays 0.
4/28/2025SenateSenate concurred with S-3112.
4/28/2025SenateExplanation of vote.
4/24/2025HouseMessage from House, with amendment S-3112.
4/21/2025SenateImmediate message.
4/17/2025HousePassed House, yeas 93, nays 0.
4/17/2025HouseAmendment H-1240 adopted.
4/17/2025HouseAmendment H-1226 withdrawn.
4/17/2025HouseSubstituted for HF 512.
4/17/2025HouseAmendment H-1240 filed.
4/16/2025HouseAmendment H-1226 filed.
4/14/2025HousePlaced on calendar under unfinished business.
4/3/2025HouseRead first time, passed on file.
3/26/2025HouseMessage from Senate.
3/26/2025HouseImmediate message.
3/26/2025SenatePassed Senate, yeas 47, nays 0.
3/26/2025SenateCommittee report, approving bill.
2/20/2025SenateIntroduced, placed on calendar.
2/20/2025Senate
Bill Text
As Introduced
Enrolled
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