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Terms Used In Iowa Code 558A.7

  • Contract: A legal written agreement that becomes binding when signed.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
558A.7 Chapter is not limiting.
The duties imposed upon persons under this chapter or under rules adopted by the real
estate commission shall not limit or abridge any duty, requirement, obligation, or liability for disclosure created by another provision of law, or under a contract between parties.
93 Acts, ch 30, §9