654.2B Requirements of notice of right to cure. The notice of right to cure shall be in writing and shall conspicuously state the name, address, and telephone number of the creditor or other person to which payment is to bemade, a brief identification of the obligation secured by the deed of trust or mortgage andof the borrower’s right to cure the default, a statement of the nature of the right to cure thedefault, a statement of the nature of the alleged default, a statement of the total payment,including an itemization of any delinquency or deferral charges, or other performancenecessary to cure the alleged default, and the exact date by which the amount must be paidor performance tendered and a statement that if the borrower does not cure the allegeddefault the creditor or a person acting on behalf of the creditor is entitled to proceed withinitiating a foreclosure action or procedure. The failure of the notice of right to cure tocomply with one or more provisions of this section is not a defense or claim in any actionpursuant to this chapter and does not invalidate any procedure pursuant to chapter 655A,unless the person asserting the defense, claim, or invalidity proves that s not a defense or claim in any actionpursuant to this chapter and does not invalidate any procedure pursuant to chapter 655A,unless the person asserting the defense, claim, or invalidity proves that the person wassubstantially prejudiced by such failure. 86 Acts, ch 1214, §11; 87 Acts, ch 142, §13; 91 Acts, ch 46, §1Referred to in §654.2A, 654.2DLegislative findings; 86 Acts, ch 1214, §1 Sat Dec 23 12:21:50 2023 Iowa Code 2024, Section 654.2B (20, 0)
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