Iowa Code § 655.6
Limitation of liability
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2020
As of January 1, 2019
A mortgagee is not liable under section 655.3 if all of the following apply:
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.
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.
2. The mortgagee complied with that procedure in good faith.
3. The mortgagee was unable to comply with its obligations because of circumstances beyond its control.
3. The mortgagee was unable to comply with its obligations because of circumstances beyond its control.
NEW section
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.