655.6 Limitation of liability.
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 unable to comply with its obligations because of circumstances beyond its control.
2018 Acts, ch 1036, §5; 2018 Acts, ch 1172, §35
Structure Iowa Code
Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES
Chapter 655 - SATISFACTION OF MORTGAGES
Section 655.1 - Written instrument acknowledging satisfaction.
Section 655.2 - Penalty — attorney fees.
Section 655.3 - Penalty for failure to discharge.
Section 655.4 - Entry of foreclosure.