655.2  Penalty--attorney fees.

If the mortgagee, mortgagee's personal representative or assignee, or those legally acting for the mortgagee fail to do so within thirty days after being requested in writing after the mortgage has been satisfied in full, that person shall forfeit to the mortgagor or any grantee of the property who has paid the mortgage, the sum of one hundred dollars plus reasonable attorney fees incurred by the mortgagor or grantee in securing the release of the mortgage.

A mortgagor or grantee who has sought relief under the provisions of section 535B.11 is not entitled to attorney fees under this section. A penalty shall not be assessed under this section if penalties have been assessed pursuant to section 535B.11.

Section History: Early form

  [C51, § 2093; R60, § 3670; C73, § 3327; C97, § 4295; C24, 27, 31, 35, 39, § 12385; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 655.2]

Section History: Recent form

  89 Acts, ch 253, § 1

Previous Section 655.1

Next Section 655.3

Return To Home index

© 1999 Cornell College and League of Women Voters of Iowa

Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Thu Mar 18 15:00:31 CST 1999
URL: /DOCS/IACODE/1999/655/2.html