Iowa § 714F.4 Contract cancellation

Iowa Statutes

§ 714F.4 — Contract cancellation

Iowa § 714F.4

Title XVICRIMINAL LAW AND PROCEDURE

Ch. 714FFORECLOSURE RECONVEYANCES

This text of Iowa § 714F.4 (Contract cancellation) 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.4 (2026).

Text

1.In addition to any other right of rescission, the foreclosed homeowner has the right to cancel any contract with a foreclosure purchaser until midnight of the third business day following the day on which the foreclosed homeowner signs a contract that complies with this chapter or until 8:00 a.m. on the last day of the period during which the foreclosed homeowner has a right of redemption, whichever occurs first.

2.Cancellation occurs when the foreclosed homeowner delivers, by any means, written notice of cancellation, provided that, at a minimum, the contract and the notice of cancellation contains a physical address to which notice of cancellation may be mailed or otherwise delivered. A post office box does not constitute a physical address. A post office box may be designated for de

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1. In addition to any other right of rescission, the foreclosed homeowner has the right
to cancel any contract with a foreclosure purchaser until midnight of the third business day
following the day on which the foreclosed homeowner signs a contract that complies with
this chapter or until 8:00 a.m. on the last day of the period during which the foreclosed
homeowner has a right of redemption, whichever occurs first.
2. Cancellation occurs when the foreclosed homeowner delivers, by any means,
written notice of cancellation, provided that, at a minimum, the contract and the notice of
cancellation contains a physical address to which notice of cancellation may be mailed or
otherwise delivered. A post office box does not constitute a physical address. A post office
box may be designated for delivery by mail only if it is accompanied by a physical address at
which the notice could be delivered by a method other than mail. An electronic mail address
may be provided in addition to the physical address. If cancellation is mailed, delivery is
effective upon mailing. If electronically mailed, cancellation is effective upon transmission.
3. Anoticeofcancellationgivenbytheforeclosedhomeownerneednottaketheparticular
form as provided with the contract.
4. Within ten days following receipt of a notice of cancellation given in accordance with
this section, the foreclosure purchaser shall return without condition any original contract
and any other documents signed by the foreclosed homeowner.