Relating to points and fees charged on loans by mortgage bankers

Where it is now

1. ✓
   Done: IntroducedFebruary 1, 2024
2. –
   Skipped: SubcommitteeSkipped
3. ✓
   Done: House committeeFebruary 21, 2024
4. ✓
   Done: Passes the HouseFebruary 21, 202497–0
5. ✓
   Done: Senate committeeMarch 14, 2024
6. ✓
   Done: Passes the SenateMarch 19, 202449–0
7. ✓
   Done: To the GovernorApril 10, 2024
8. ✓
   Done: Signed into lawApril 10, 2024

Signed into law What’s a funnel?

What’s in it

This bill relates to points and fees charged on loans by mortgage bankers. Under current law, if a lender that is a mortgage banker makes a loan in which the points and fees the borrower is charged by all lenders in connection with the loan do not exceed the amounts specified in C.F.R. §1026.43(e)(3), the loan shall not be subject to the provisions of Code section 535.8(5). Under the bill, the loan shall also not be subject to Code section 535.8(4)(a).

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text · What changed before it passed

Iowa Code it changes

Amends§535.8

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

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Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

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