655.5 Instrument of satisfaction. When the judgment is paid in full, the mortgagee shall file with the clerk a satisfaction of judgment which shall release the mortgage underlying the action. A mortgagee whofails to file a satisfaction within thirty days of receiving a written request shall be subjectto reasonable damages and a penalty of five hundred dollars plus reasonable attorney feesincurred by the aggrieved party, to be recovered in an action for the satisfaction by the partyaggrieved. [C73, §3328; C97, §4296; C24, 27, 31, 35, 39, §12388; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §655.5] 85 Acts, ch 159, §11; 90 Acts, ch 1081, §6; 2006 Acts, ch 1129, §14; 2006 Acts, ch 1132, §12, 16; 2007 Acts, ch 85, §1; 2018 Acts, ch 1036, §4 Sat Dec 23 12:22:31 2023 Iowa Code 2024, Section 655.5 (15, 0)
Iowa Legal Code