714F.2 Contract requirement — form and language.
95 words·~1 min read·
/ia/chapter-714f-foreclosure-reconveyances/714f-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A foreclosure purchaser shall enter into a foreclosure reconveyance in the form of a written contract. The contract must be written in letters of a size equal to at least twelve point boldface type, in the same language principally used by the foreclosure purchaser and foreclosed homeowner to negotiate the sale of the residence in foreclosure, and must be fully completed and signed and dated by the foreclosed homeowner and foreclosure purchaser before the execution of any instrument of conveyance of the residence in foreclosure.
2008 Acts, ch 1125, §11, 19
Referred to in §714F.3