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Iowa Code Title VII. Education and Cultural Affairs [Chs. 256-305B] § 262.16. Satisfaction of mortgages

Current as of January 01, 2024 | Updated by Findlaw Staff

When loans are paid, the board shall release mortgages securing the same as follows:

1. By a satisfaction piece signed and acknowledged by the treasurer of the institution to which the loan belongs, which shall be recorded in the office of the recorder of the county where said mortgage is of record; or

2. By entering a satisfaction thereof on the margin of the record of said mortgage, dated, and signed by the treasurer of the institution to which the loan belongs.

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Cite this article: FindLaw.com - Iowa Code Title VII. Education and Cultural Affairs [Chs. 256-305B] § 262.16. Satisfaction of mortgages - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-vii-education-and-cultural-affairs-chs-256-305b/ia-code-sect-262-16/

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