Iowa § 528.5 Disclosure of alternative mortgage loan information to applicants

Iowa Statutes

§ 528.5 — Disclosure of alternative mortgage loan information to applicants

Iowa § 528.5

Title XIIICOMMERCE

Ch. 528ALTERNATIVE MORTGAGE LOANS

This text of Iowa § 528.5 (Disclosure of alternative mortgage loan information to applicants) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 528.5 (2026).

Text

1.A financial institution that offers or makes an alternative mortgage loan shall include in any disclosure of the rates or availability of mortgage loans, the rates and availability of reverse annuity mortgages or graduated payment mortgage loans, if and when such loans are offered. The administrator may prescribe by rule forms for the required disclosures.

2.A prospective mortgage loan applicant shall have the choice of applying for a mortgage loan or any type of alternative mortgage loan offered by the financial institution.

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1. A financial institution that offers or makes an alternative mortgage loan shall include
in any disclosure of the rates or availability of mortgage loans, the rates and availability of
reverse annuity mortgages or graduated payment mortgage loans, if and when such loans are
offered. The administrator may prescribe by rule forms for the required disclosures.
2. A prospective mortgage loan applicant shall have the choice of applying for a mortgage
loan or any type of alternative mortgage loan offered by the financial institution.