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Terms Used In Iowa Code 655A.1

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
655A.1 Title.
This chapter shall be known as the “”Nonjudicial Foreclosure of Nonagricultural Mortgages””.
87 Acts, ch 142, §17