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

SSB 1103: Relating to closing costs for a debt secured by an interest in land

Became SF 398 · 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

Senate subcommittee · named February 5, 2025

  • Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov
  • Sen. Rocky De Witt (R)
  • Sen. Izaah Knox (D) · izaah.knox@legis.iowa.gov

Lobbying · 1 for, 0 against

For: Rocket Mortgage

In plain words

  1. February 5, 2025Filed in the Senate and sent to the Commerce committee
  2. February 5, 2025Senate subcommittee named: Rowley, De Witt and Knox
  3. February 13, 2025Subcommittee recommended passing it with changes
  4. February 20, 2025Approved by the Senate committee, and given a new number: SF 398

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/SSB1103