Iowa Code 535A.2 – Discriminatory — real estate mortgages
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Terms Used In Iowa Code 535A.2
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
535A.2 Discriminatory — real estate mortgages.
1. It is a discriminatory practice for any financial institution accepting mortgage loan applications to engage in the practice of red-lining as defined in § 535A.1.
2. This section shall be administered and enforced by the following agencies:
a. The superintendent of banking or the superintendent’s designee in regard to banks, persons licensed under chapter 536A, and mortgage banking companies.
b. The commissioner of insurance or the commissioner’s designee pursuant to chapter
505 in regard to all insurance companies.
c. The superintendent of credit unions or the superintendent’s designee in regard to all credit unions.
[C79, 81, §535A.2]
2010 Acts, ch 1114, §2; 2012 Acts, ch 1017, §134
Referred to in §535A.6, 535A.7
1. It is a discriminatory practice for any financial institution accepting mortgage loan applications to engage in the practice of red-lining as defined in § 535A.1.
2. This section shall be administered and enforced by the following agencies:
a. The superintendent of banking or the superintendent’s designee in regard to banks, persons licensed under chapter 536A, and mortgage banking companies.
b. The commissioner of insurance or the commissioner’s designee pursuant to chapter
505 in regard to all insurance companies.
c. The superintendent of credit unions or the superintendent’s designee in regard to all credit unions.
[C79, 81, §535A.2]
2010 Acts, ch 1114, §2; 2012 Acts, ch 1017, §134
Referred to in §535A.6, 535A.7