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124 chapters · 2,863 sections in this title.
Iowa Code § 655.1 Written instrument acknowledging satisfaction.
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When the amount due on a mortgage is paid off, the mortgagee, the mortgagee’s personal representative or assignee, or those legally acting for the mortgagee, and in case of payment of a school fund mortgage the county auditor, within thirty days of payment in full, shall acknowle…
Iowa Code § 655.3 Penalty for failure to discharge.
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If a mortgagee, or a mortgagee’s personal representative or assignee, upon full performance of the conditions of the mortgage, fails to discharge such mortgage as set forth in section 655.1 , the mortgagee is liable to the mortgagor and the mortgagor’s heirs or assigns, for all a…
Iowa Code § 655.5 Instrument of satisfaction.
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When the judgment is paid in full, the mortgagee shall file with the clerk a satisfaction of judgment which shall release the mortgage underlying the action. A mortgagee who fails to file a satisfaction within thirty days of receiving a written request shall be subject to reasona…
Iowa Code § 655.6 Limitation of liability.
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A mortgagee is not liable under section 655.3 if all of the following apply: 1. The mortgagee established reasonable procedures to achieve compliance with its obligations under section 655.3 . 2. The mortgagee complied with that procedure in good faith. 3. The mortgagee was unabl…