iFormBuilder has a separate Read-Only Widget. This widget performs similarly to the previous "read-only" function check box with the exception of, now, being manipulated by dynamic values.
One cool thing about the Read-Only element attribute of a text widget is that you can use them to create a date and time stamp. To do this, just write Date() in the dynamic value of the widget. Image below contains time stamps captured using both a text and read-only widget:
Image below contains time stamps captured using both a Read-Only and Text Element:
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