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IOWA STATUTES AND CODES
535B.12 - PAYMENT PROCESSING.
535B.12 PAYMENT PROCESSING. A licensee or other mortgagee shall not assess a late charge if full payment is received before the date late charges are authorized in the mortgage documents and shall post all periodic payments in full within two business days of receipt. Section History: Recent Form 88 Acts, ch 1146, §12 Referred to in § 535B.2, 535B.10
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