Iowa Code § 535B.12
Payment processing
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2013
As of January 1, 2012
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.
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.
88 Acts, ch 1146, §12
88 Acts, ch 1146, §12
Referred to in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.