Down Payment and Closing Assistance Loan Program
Iowa Finance Authority (IFA) prohibits lenders from charging fees to the borrower other than standard recording fees on the down payment and closing cost assistance loan program. IFA relies on its Participating Lenders to comply with any and all applicable legal and regulatory disclosure requirements. Lenders should consult their compliance or legal departments for assistance with questions related to which disclosure forms are required and the content of the forms prior to disclosure. Participating Lender acknowledges that IFA and its employees assume no responsibility for disclosure requirements, and that the Participating Lender will hold IFA and its employees harmless from, any claims or expenses that may be related to or arise from use of these forms.
Lenders are responsible for adhering to TRID or Partial Exemption Disclosure regulatory requirements.