Peoples Trust & Savings Bank v. Baird

WOLLE, Justice.

The Peoples Trust and Savings Bank [bank] appeals from the trial court’s order allowing attorney fees in a mortgage foreclosure action in an amount it considers unreasonably small. The trial court held that Iowa Code section 625.25 (1981) limited the amount of attorneys fees which could be awarded to the sum of $1,125 because that was the overdue amount the bank demanded in its written notice served before the foreclosure action was brought. The bank contends that the trial court erred in applying that statute (1) because Iowa Code section 625.25 had been implicitly repealed…