Iowa Code r. 265-9.8 - Mortgage release certificate
Pursuant to Iowa Code section 16.92, the division is charged with the administration of a program to release, after proper notification, paid-off mortgages from real estate titles in Iowa by executing and filing with the county recorder a mortgage release certificate.
(1)
Application. The
division will provide a mortgage release application on the division's
website.
(2)
Application
fee. An applicant may be required to pay a fee of $200 to apply for a
mortgage release certificate. The fee shall be set by the division.
(3)
Maximum principal amount of
mortgage. The division board may set a maximum principal amount for
mortgages that may be released by a mortgage release certificate.
(4)
Authority to sign
certificate. A mortgage release certificate shall be executed by the
division director or designee of the division director.
Notes
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