House File 2266 - Enrolled
House File 2266
AN ACT
RELATING TO POINTS AND FEES CHARGED ON LOANS BY MORTGAGE
BANKERS.
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 535.8, subsection 2, Code 2024, is
2 amended to read as follows:
3 2. If a lender that is a financial institution as defined
4 in section 537.1301 makes a loan in which the points and fees
5 the borrower is charged by all lenders in connection with
6 the loan do not exceed the amounts specified in 12 C.F.R.
7 §1026.43(e)(3), the loan shall not be subject to the provisions
8 of subsection 4, paragraphs “a”, “b”, and “d”, or subsection 5.
9 If a lender that is a mortgage banker licensed under section
10 535B.5 or registered under section 535B.3 makes a loan in which
11 the points and fees the borrower is charged by all lenders in
12 connection with the loan do not exceed the amounts specified
13 in 12 C.F.R. §1026.43(e)(3), the loan shall not be subject to
14 the provisions of subsection 4, paragraph “a”, or subsection
15 5. This subsection applies to the financial institution lender
 House File 2266, p. 2
16 that originates the loan and to subsequent purchasers of the
17 loan originated by the financial institution.
______________________________ ______________________________
PAT GRASSLEY AMY SINCLAIR
Speaker of the House President of the Senate
I hereby certify that this bill originated in the House and
is known as House File 2266, Ninetieth General Assembly.
______________________________
MEGHAN NELSON
Chief Clerk of the House
Approved _______________, 2024 ______________________________
KIM REYNOLDS
Governor


Statutes affected:
Introduced: 535.8
Enrolled: 535.8