# Iowa SF 398: 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.

Iowa SF 398, 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., is a 91st General Assembly (2025–2026) Senate bill sponsored by COMMITTEE ON COMMERCE; status signed, last action 2025-05-06 (Signed by Governor.); PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/IA-SF398-2025-2026
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Iowa SF 398
- State: Iowa
- Session: 91st General Assembly (2025–2026)
- Title: 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.
- Status: signed
- Chamber: Senate
- Introduced: 2025-02-20
- Last action: 2025-05-06, Signed by Governor.
- Sponsor: COMMITTEE ON COMMERCE
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 3 (189 yes, 0 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Closing cost rules change for some Iowa mortgages: mixed, medium. 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(…

## Sponsors and cosponsors

- Sponsor: COMMITTEE ON COMMERCE

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-28 | Senate | Passed Senate | pass | 49 | 0 |   |
| 2025-04-17 | House | Passed House | pass | 93 | 0 |   |
| 2025-03-26 | Senate | Passed Senate | pass | 47 | 0 |   |

## Actions (22)

- 2025-05-06: Signed by Governor. (Senate)
- 2025-05-06: Reported correctly enrolled, signed by President and Speaker, and sent to Governor. (Senate)
- 2025-04-29: Message from Senate. (House)
- 2025-04-28: Immediate message. (Senate)
- 2025-04-28: Passed Senate, yeas 49, nays 0. (Senate)
- 2025-04-28: Senate concurred with S-3112. (Senate)
- 2025-04-24: Explanation of vote. (House)
- 2025-04-21: Message from House, with amendment S-3112. (Senate)
- 2025-04-17: Immediate message. (House)
- 2025-04-17: Passed House, yeas 93, nays 0. (House)
- 2025-04-17: Amendment H-1240 adopted. (House)
- 2025-04-17: Amendment H-1226 withdrawn. (House)
- 2025-04-17: Substituted for HF 512. (House)
- 2025-04-16: Amendment H-1240 filed. (House)
- 2025-04-14: Amendment H-1226 filed. (House)
- 2025-04-03: Placed on calendar under unfinished business. (House)
- 2025-03-26: Read first time, passed on file. (House)
- 2025-03-26: Message from Senate. (House)
- 2025-03-26: Immediate message. (Senate)
- 2025-03-26: Passed Senate, yeas 47, nays 0. (Senate)
- 2025-02-20: Committee report, approving bill. (Senate)
- 2025-02-20: Introduced, placed on calendar. (Senate)

## Bill text

- As Introduced: [PDF](https://www.legis.iowa.gov/docs/publications/LGI/91/SF398.pdf)
- Enrolled: [PDF](https://www.legis.iowa.gov/docs/publications/LGE/91/SF398.pdf)

## Related bills

- HF 2801: A bill for an act modifying the major economic growth attraction program, and including effective date provisions. (Formerly HSB 785.) Effective date: 10/02/20… (signed)
- SF 2472: A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions… (signed)
- HF 2601: A bill for an act relating to campaign finance, including participation in ballot issue campaigns by foreign nationals and investigations of election misconduc… (signed)
- SF 2399: A bill for an act relating to bail and bond amounts and conditions. (Formerly SSB 3162.) Effective date: 07/01/2026. (signed)
- SF 2471: A bill for an act relating to fees for lifetime fur harvester licenses. (Formerly SF 2317, SSB 3121.) Effective date: 07/01/2026. (signed)
- SF 2299: A bill for an act relating to the district-to-community college sharing or concurrent enrollment program. (Formerly SF 2176.) Vetoed 6-2-26. (vetoed)

## Sources
- [As Introduced (PDF)](https://www.legis.iowa.gov/docs/publications/LGI/91/SF398.pdf)
- [Enrolled (PDF)](https://www.legis.iowa.gov/docs/publications/LGE/91/SF398.pdf)

## Related
- [HF 2801: A bill for an act modifying the major economic growth attraction program, and i…](https://policyrisk.com/state-bill/IA-HF2801-2025-2026)
- [SF 2472: A bill for an act relating to state and local government taxes, fees, financial…](https://policyrisk.com/state-bill/IA-SF2472-2025-2026)
- [HF 2601: A bill for an act relating to campaign finance, including participation in ball…](https://policyrisk.com/state-bill/IA-HF2601-2025-2026)
- [SF 2399: A bill for an act relating to bail and bond amounts and conditions. (Formerly S…](https://policyrisk.com/state-bill/IA-SF2399-2025-2026)
- [SF 2471: A bill for an act relating to fees for lifetime fur harvester licenses. (Former…](https://policyrisk.com/state-bill/IA-SF2471-2025-2026)
- [SF 2299: A bill for an act relating to the district-to-community college sharing or conc…](https://policyrisk.com/state-bill/IA-SF2299-2025-2026)
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Source: PRIA, https://policyrisk.com/state-bill/IA-SF398-2025-2026 (as of 2026-10-17).