655.6 Limitation of liability.
55 words·~1 min read·
/ia/chapter-655-satisfaction-of-mortgages/655-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A mortgagee is not liable under section 655.3 if all of the following apply:
1. The mortgagee established reasonable procedures to achieve compliance with its obligations under section 655.3.
2. The mortgagee complied with that procedure in good faith.
3. The mortgagee was unable to comply with its obligations because of circumstances beyond its control.