265—9.8(16) Mortgage release certificate.
- 9.8(1) Application. The division will provide a mortgage release application on the division’s website.
- 9.8(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.
- 9.8(3) Maximum principal amount of mortgage. The authority board may set a maximum principal amount for mortgages that may be released by a mortgage release certificate.
- 9.8(4) Authority to sign certificate. A mortgage release certificate shall be executed by the division director or designee of the division director.
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.
[ARC 0262D, IAB 5/13/26, effective 6/17/26]