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91st General Assembly · Funnel one-pager · Monday, November 9, 2026

HSB 125: Relating to closing costs for a debt secured by an interest in land

Became HF 512 · Its progress continues under the new number.

What it does

This bill relates to closing costs for a debt secured by an interest in land.8(5). A creditor may also contract for and receive discount points for the purpose of reducing, and which result in a reduction of, the interest rate or time-price differential applicable to the loan, and points agreed upon by the creditor and borrower to offer a given interest rate.

Sponsors

Not listed

Cost

No fiscal note

House subcommittee · named February 5, 2025

  • Rep. Carter F. Nordman (R) · carter.nordman@legis.iowa.gov
  • Rep. Jacob Bossman (R) · jacob.bossman@legis.iowa.gov
  • Rep. Scheetz

Lobbying · 1 for, 0 against

For: Rocket Mortgage

In plain words

  1. February 5, 2025Filed in the House and sent to the Commerce committee
  2. February 5, 2025House subcommittee named: Nordman, Bossman and Scheetz
  3. February 11, 2025Subcommittee recommended passing it
  4. February 18, 2025Approved by the House committee
  5. February 18, 2025Committee vote: 22–0
  6. February 20, 2025Approved by the House committee, and given a new number: HF 512

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/91/HSB125