Iowa Code (Last Updated: December 05, 2016) |
Title XIII. COMMERCE |
Chapter 515C. MORTGAGE GUARANTY INSURANCE |
Section 515C.8. Policy forms approved.
Latest version.
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All policy forms and endorsements shall be filed with and be subject to the approval of the commissioner of insurance. With respect to owner-occupied single family dwellings and owner-occupied mobile homes, the mortgage insurance policy shall provide that the borrower shall not be liable to the insurance company for any deficiency arising from a foreclosure sale.
[C66, 71, 73, 75, 77, 79, 81, §515C.8]