Iowa § 655.3 Penalty for failure to discharge

Iowa Statutes

§ 655.3 — Penalty for failure to discharge

Iowa § 655.3

Title XVJUDICIAL BRANCH AND JUDICIAL PROCEDURES

Ch. 655SATISFACTION OF MORTGAGES

This text of Iowa § 655.3 (Penalty for failure to discharge) 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 § 655.3 (2026).

Text

If a mortgagee, or a mortgagee’s personal representative or assignee, upon full
performance of the conditions of the mortgage, fails to discharge such mortgage as set
forth in section 655.1, the mortgagee is liable to the mortgagor and the mortgagor’s heirs or
assigns, for all actual damages caused by such failure and a penalty of five hundred dollars,
plus reasonable attorney fees. A claim for such damages may be asserted in an action for
discharge of the mortgage.

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If a mortgagee, or a mortgagee’s personal representative or assignee, upon full
performance of the conditions of the mortgage, fails to discharge such mortgage as set
forth in section 655.1, the mortgagee is liable to the mortgagor and the mortgagor’s heirs or
assigns, for all actual damages caused by such failure and a penalty of five hundred dollars,
plus reasonable attorney fees. A claim for such damages may be asserted in an action for
discharge of the mortgage.