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Iowa Code Title XIII. Commerce [Chs. 505-554D] § 535A.2. Discriminatory--real estate mortgages

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

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 section 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.

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Cite this article: FindLaw.com - Iowa Code Title XIII. Commerce [Chs. 505-554D] § 535A.2. Discriminatory--real estate mortgages - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xiii-commerce-chs-505-554d/ia-code-sect-535a-2/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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