Commerce Committee – Week 11, 2021


SF 567 Loans originated by mortgage bankers   

SF 567 adds certain Iowa-licensed or Iowa-registered mortgage bankers to CH. 535B provisions. It allows non-depository lenders (a.k.a. non-banks) that originate mortgage loans, including Rocket Mortgage/Quicken Loans, to charge the same points and fees as other financial institutions.
[3/22: 48-0 (Excused: Kinney, Nunn)]