537.2305 Examinations and investigations. 1. For the purpose of discovering violations of this chapter or securing information lawfully required, the licensing authority shall examine periodically at intervals the licensing authority deems appropriate, but not less frequently than is required for other examinations of the licensee by section 524.217, 533.113, 536.10, or 536A.15, whichever is applicable, […]
537.2307 Restrictions on interest in land as security. With respect to a supervised loan in which the rate of finance charge is in excess of fifteen percent computed according to the actuarial method, and the amount financed is two thousand dollars or less, a lender may not contract for a security interest in real property […]
537.2308 Regular schedule of payments — maximum loan term. Supervised loans, not made pursuant to open-end credit and in which the amount financed is one thousand dollars or less, shall be scheduled to be payable in substantially equal installments at substantially equal periodic intervals except to the extent that the schedule of payments is adjusted […]
537.2309 No other business for purpose of evasion. A lender may not carry on other business for the purpose of evasion or violation of this chapter at a location where the lender makes supervised loans. [C75, 77, 79, 81, §537.2309]
537.2310 Conduct of business other than making loans. 1. Except as provided in subsection 2, a licensee authorized to make supervised loans pursuant to section 537.2301 may not engage in the business of selling or leasing tangible goods at a location where supervised loans are made. In this section, “location” means the entire space in […]
537.2401 Finance charge for consumer loans not pursuant to open-end credit. 1. Except as provided with respect to a finance charge for loans pursuant to open-end credit under section 537.2402 and loans secured by a certificate of title of a motor vehicle under section 537.2403, a lender may contract for and receive a finance charge […]
537.2402 Finance charge for consumer loans pursuant to open-end credit. 1. If authorized to make supervised loans, a creditor may contract for and receive a finance charge without limitation as to amount or rate with respect to a loan pursuant to open-end credit as permitted in this section except as provided in section 537.2403. 2. […]
537.2403 Finance charge for consumer loans secured by a motor vehicle. 1. A lender shall not contract for or receive a finance charge exceeding twenty-one percent per year on the unpaid balance of the amount financed for a loan of money secured by a certificate of title to a motor vehicle used for personal, family, […]
537.2501 Additional charges. 1. In addition to the finance charge permitted by parts 2 and 4, a creditor may contract for and receive the following additional charges: a. Official fees and taxes. b. Charges for insurance as described in subsection 2. c. Amounts actually paid or to be paid by the creditor for registration, certificate […]
537.2502 Delinquency charges. 1. With respect to a consumer credit transaction not pursuant to an open-end credit arrangement and other than a consumer lease or consumer rental purchase agreement, the parties may contract for a delinquency charge on any installment not paid in full within ten days after its due date, as originally scheduled or […]
537.2503 Deferral charges. 1. a. Before or after default in payment of a scheduled installment of a precomputed consumer credit transaction, the parties to the transaction may agree in writing to a deferral of all or part of one or more unpaid installments and the creditor may make at the time of deferral and receive […]
537.2504 Finance charge on refinancing. With respect to a consumer credit transaction in which the rate of finance charge required to be disclosed in the transaction pursuant to section 537.3201 does not exceed eighteen percent per year, other than a consumer lease or a consumer rental purchase agreement, the creditor may, by agreement with the […]
537.2505 Finance charge on consolidation. 1. In this section, “consumer credit transaction” does not include a consumer lease or a consumer rental purchase agreement. 2. If a consumer owes an unpaid balance to a creditor with respect to a consumer credit transaction and becomes obligated on another consumer credit transaction with the same creditor, the […]
537.2506 Advances to perform covenants of consumer. 1. If the agreement with respect to a consumer credit transaction other than a consumer lease or a consumer rental purchase agreement contains covenants by the consumer to perform certain duties pertaining to insuring or preserving collateral and the creditor pursuant to the agreement pays for performance of […]
537.2507 Attorney fees. With respect to a consumer credit transaction, the agreement may not provide for the payment by the consumer of attorney fees. However, in a consumer credit transaction with an amount financed exceeding twenty-five thousand dollars secured by an interest in land, the agreement may provide for the payment by the consumer of […]
537.2508 Conversion to open-end credit. The parties may agree at or within ten days prior to the time of conversion to add the unpaid balance of a consumer credit transaction, other than a consumer lease or a consumer rental purchase agreement, not made pursuant to open-end credit to the consumer’s open-end credit account with the […]
537.2509 Right to prepay. Subject to the provisions on prepayment and minimum charge under section 537.2510, the consumer may prepay in full the unpaid balance of a consumer credit transaction, other than a consumer lease or a consumer rental purchase agreement, at any time. [C58, 62, 66, 71, 73, §322.3(6, e); C75, 77, 79, 81, […]
537.2510 Rebate upon prepayment. 1. Except as provided in this section, upon prepayment in full of a precomputed consumer credit transaction, the creditor shall rebate to the consumer an amount not less than the amount of rebate provided in subsection 2, paragraph “a”, or redetermine the earned finance charge as provided in subsection 2, paragraph […]
537.2601 Charges for other credit transactions. 1. With respect to a credit transaction other than a consumer credit transaction, the parties may contract for the payment by the debtor of any finance or other charge as permitted by law. 2. With respect to a credit transaction which would be a consumer credit transaction if a […]
537.3101 Short title. This article shall be known and may be cited as the “Iowa Consumer Credit Code — Regulation of Agreements and Practices”. [C75, 77, 79, 81, §537.3101]
