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Terms Used In Iowa Code 628.1A

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
628.1A Application of this chapter.
This chapter does not apply in an action to foreclose a real estate mortgage if the plaintiff
has elected foreclosure without redemption under § 654.20.
87 Acts, ch 142, §16