535B.12 Payment processing.
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
Referred to in §535B.2, 535B.10
Structure Iowa Code
Chapter 535B - MORTGAGE BANKERS, MORTGAGE BROKERS, AND CLOSING AGENTS
Section 535B.2A - Closing agents affiliated with attorneys.
Section 535B.3 - Registration.
Section 535B.4 - General licensing requirements.
Section 535B.4A - Individual registration requirements — fees.
Section 535B.5 - Granting and denial of license.
Section 535B.6 - Licensing of certain corporations.
Section 535B.6A - Change of name — change of control — notice and approval required.
Section 535B.7 - Disciplinary action.
Section 535B.7A - Prohibited acts.
Section 535B.8 - Operating without a license.
Section 535B.9 - Bonds required of license applicants.
Section 535B.9A - Continuing education requirements.
Section 535B.10 - Investigations and examinations.
Section 535B.11 - Servicing mortgages and payoffs.
Section 535B.12 - Payment processing.
Section 535B.13 - Civil enforcement authority.
Section 535B.14 - Administrative authority.
Section 535B.15 - Liability of state.
Section 535B.16 - Notice to administrator.
Section 535B.17 - Powers and duties of the administrator — waiver authority.
Section 535B.18 - Mortgage call reports.
Section 535B.19 - Trust account requirements for closing agents.