528.3 Financial institutions allowed to make alternative mortgages.
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/ia/chapter-528-alternative-mortgage-loans/528-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A financial institution may make alternative mortgage loans in accordance with this chapter. General provisions governing a financial institution’s mortgage loans apply to alternative mortgage loans unless inconsistent with the provisions of this chapter. This chapter does not prohibit a financial institution from making any loan which is not an alternative mortgage loan, provided such loan otherwise complies with applicable laws.