Sign in

Back to the bill

90th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 609: Relating to specified loans provided by a mortgage banker

Signed into law

What it does

This bill relates to specified loans provided by a mortgage banker. A loan made by a licensed or registered mortgage banker under Code chapter 535B making a loan where the points and fees the borrower is charged cumulatively do not exceed the amounts specified in C.F.R. §1026.43(e)(3) shall not be subject to Code section 535.8(5), regarding loans and interest reduction fees.

Sponsors

Commerce committee

Cost

No fiscal note

Lobbying · 4 for, 2 against

For: Iowa Bankers Association; Iowa Bankers Mortgage Corp.; Iowa Mortgage Association; Rocket Mortgage

Against: Iowa Academy of Trial Lawyers; Iowa Land Title Association

In plain words

  1. March 3, 2023Filed in the House
  2. March 9, 2023Passed the House, 96–0
  3. March 13, 2023Arrived in the Senate
  4. April 19, 2023Took the place of SF 534 on the Senate floor (the same legislation)
  5. April 19, 2023Passed the Senate, 50–0
  6. May 9, 2023Sent to the Governor
  7. May 11, 2023Signed into law

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/HF609