Iowa Code § 655.3

Current through March 29, 2024

Section 655.3 - Penalty for failure to discharge

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.

Iowa Code § 655.3

99 Acts, ch 54, §2; 2018 Acts, ch 1036, § 3

Amended by 2018 Iowa, ch 1036, s 3, eff. 7/1/2018.

99 Acts, ch 54, §2

Referred to in §655.6