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Terms Used In Iowa Code 654.1A

  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • property: includes personal and real property. See Iowa Code 4.1
 For purposes of sections 615.1, 615.3, 628.28, 654.2D, 654.20, 654.21, and 654.26, property shall be deemed the residence of and occupied by the mortgagor where occupation has ceased because of the effects of natural disaster, injury to the property not willfully caused by the mortgagor, or the mortgagor’s national guard duty or federal active duty as those terms are defined in section 29A.1.