Iowa § 262.38 - 262.38 Borrowing money and mortgaging property.
Full text of Iowa Iowa Code § 262.38 — 262.38 Borrowing money and mortgaging property., with citation guidance and answers to common questions.
§ 262.38. 262.38 Borrowing money and mortgaging property.
In carrying out the powers enumerated in this subchapter, the board may: 1. Borrow money. 2. Mortgage any real estate so acquired and the improvements erected thereon in order to secure necessary loans. 3. Pledge the rents, profits, and income received from any such property for the discharge of mortgages so executed. [C27, 31, 35, §3945-a4; C39, §3945.4; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §262.38] 2020 Acts, ch 1063, §111 Referred to in §262.34B, 262A.2 Thu Dec 11 19:24:06 2025 Iowa Code 2026, Section 262.38 (25, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 262.38
What does Iowa Code § 262.38 cover?
Section 262.38 ("262.38 Borrowing money and mortgaging property.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 262.38?
A common citation format is "Iowa Code § 262.38" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 262.38 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.