Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 5 - Economic Development > CHAPTER 16 - IOWA FINANCE AUTHORITY > 16.53 - RESIDENTIAL REVERSE ANNUITY MORTGAGE MODEL PROGRAM.

16.53 - RESIDENTIAL REVERSE ANNUITY MORTGAGE MODEL PROGRAM.

        16.53  RESIDENTIAL REVERSE ANNUITY MORTGAGE MODEL
      PROGRAM.
         The authority may develop a model reverse annuity mortgage
      conforming to the requirements of this chapter, and may offer reverse
      annuity mortgages to qualified participants.
         Section History: Recent Form
         89 Acts, ch 267, § 10
         CS89, § 220.53
         C93, § 16.53
         2007 Acts, ch 54, §25
         Iowa finance authority authorized to issue bonds for the
      residential reverse annuity mortgage model program, to be repaid from
      program proceeds; 89 Acts, ch 267, § 11