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90th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026

SSB 3077: SSB 3077

Became SF 2287 · Its progress continues under the new number.

What it does

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).

Sponsors

Not listed

Cost

No fiscal note

Senate subcommittee · named January 17, 2024

  • Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov
  • Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
  • Sen. Eric Giddens (D)

Lobbying · 1 for, 0 against

For: Rocket Mortgage

In plain words

  1. January 17, 2024Filed in the Senate and sent to the Commerce committee
  2. January 17, 2024Senate subcommittee named: Rowley, Bousselot and Giddens
  3. February 1, 2024Subcommittee recommended passing it
  4. February 8, 2024Approved by the Senate committee, and given a new number: SF 2287

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Tuesday, November 10, 2026. https://iowafunnel.com/bills/90/SSB3077