Iowa § 714F.3 Contract terms

Iowa Statutes

§ 714F.3 — Contract terms

Iowa § 714F.3

Title XVICRIMINAL LAW AND PROCEDURE

Ch. 714FFORECLOSURE RECONVEYANCES

This text of Iowa § 714F.3 (Contract terms) 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 § 714F.3 (2026).

Text

1.A contract required by section 714F.2 must contain the entire agreement of the parties and shall include all the following terms:

a.The real name, business address, and the telephone number of the foreclosure purchaser.

b.The address of the residence in foreclosure.

c.The total consideration to be given by the foreclosure purchaser in connection with or incident to the sale.

d.Acompletedescriptionofthetermsofpaymentorotherconsiderationincludingbutnot limitedtoanyservicesofanynaturethattheforeclosurepurchaserrepresentstheforeclosure purchaser will perform for the foreclosed homeowner before or after the sale.

e.The time at which possession is to be transferred to the foreclosure purchaser.

f.A complete description of the terms of any related agreement designed to allow the foreclos

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1. A contract required by section 714F.2 must contain the entire agreement of the parties
and shall include all the following terms:
a. The real name, business address, and the telephone number of the foreclosure
purchaser.
b. The address of the residence in foreclosure.
c. The total consideration to be given by the foreclosure purchaser in connection with or
incident to the sale.
d. Acompletedescriptionofthetermsofpaymentorotherconsiderationincludingbutnot
limitedtoanyservicesofanynaturethattheforeclosurepurchaserrepresentstheforeclosure
purchaser will perform for the foreclosed homeowner before or after the sale.
e. The time at which possession is to be transferred to the foreclosure purchaser.
f. A complete description of the terms of any related agreement designed to allow the
foreclosed homeowner to remain in the home including but not limited to a rental agreement,
repurchase agreement, contract for deed, or lease with option to buy.
g. A notice of cancellation as provided in section 714F.5.
h. The following notice in at least fourteen point boldface type, if the contract is printed
or in capital letters if the contract is typed, and completed with the name of the foreclosure
purchaser, immediately above the statement required by section 714F.5:
NOTICE REQUIRED BY IOWA LAW
Until your right to cancel this contract has ended,
.................................................... (name) or anyone working for
............................................ (name) CANNOT ask you to sign or
have you sign any deed or any other document.
2. The contract required by section 714F.2 survives delivery of any instrument of
conveyance of the residence in foreclosure, but has no effect on persons other than the
parties to the contract.