reglab/housing_qa huggingface dataset:
IA Code § 537.2308 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2308 - Regular schedule of payments — maximum loan term.

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 to the seasonal or irregular income of the debtor, and over a period of not more than thirty-seven months if the amount financed is more than three hundred dollars, or over a period of not more than twenty-five months if the amount financed is three hundred dollars or less. However, a lender may make a loan not pursuant to open-end credit that is repayable in a single payment if the amount financed does not exceed one thousand dollars and if the finance charge does not exceed the rate permitted by section 537.2401, subsection 1, to be charged by a supervised financial organization.  [C75, 77, 79, 81, §537.2308; 81 Acts, ch 179, §1]  2018 Acts, ch 1041, §127  Referred to in §537.5201
IA Code § 537.2309 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2309 - No other business for purpose of evasion.

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]
IA Code § 537.2310 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2310 - Conduct of business other than making loans.

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 which supervised loans are made and the location must be separated from any space where goods are sold or leased by walls which may be broken only by a passageway to which the public is not admitted.   2. This section does not apply to:   a. Occasional sales of property used in the ordinary course of business of the licensee.   b. Sales of items of collateral of which the licensee has taken possession.   c. Sales of items by a licensee who is also authorized by law to operate as a pawnbroker.   d. Sales of property or items by the licensee which are not for the profit of the licensee and which are sold for a price not exceeding fifty dollars.  [C75, 77, 79, 81, §537.2310; 82 Acts, ch 1253, §41]  Referred to in §537.1303
IA Code § 537.2402 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2402 - Finance charge for consumer loans pursuant to open-end credit.

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. For each billing cycle, a charge may be made which is a percentage of an amount not exceeding the greatest of the following:   a. The average daily balance of the open-end account in the billing cycle for which the charge is made, which is the sum of the amount unpaid each day during that cycle, divided by the number of days in that cycle. The amount unpaid on a day is determined by adding to the balance, if any, unpaid as of the beginning of that day all purchases and other debits and deducting all payments and other credits made or received as of that day.   b. The balance of the open-end account at the beginning of the first day of the billing cycle, after deducting all payments and credits made in the cycle except credits attributable to purchases charged to the account during the cycle.   c. The median amount within a specified range including the balance of the open-end account not exceeding that permitted by paragraph “a” or “b”. A charge may be made pursuant to this paragraph only if the organization, subject to classifications and differentiations it may reasonably establish, makes the same charge on all balances within the specified range and if the percentage when applied to the median amount within the range does not produce a charge exceeding the charge resulting from applying that percentage to the lowest amount within the range by more than eight percent of the charge on the median amount.  [C75, 77, 79, 81, §537.2402]  84 Acts, ch 1237, §2; 89 Acts, ch 295, §2; 97 Acts, ch 187, §4, 5; 98 Acts, ch 1100, §74; 2007 Acts, ch 26, §2  Referred to in §533.316, 535.10, 536.13, 536A.31, 536C.6, 537.2401, 537.2506
IA Code § 537.2403 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2403 - Finance charge for consumer loans secured by a motor vehicle.

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, or household purpose except as authorized under chapter 536 or 536A. A consumer who is charged a finance charge in excess of the limitation in this section may seek any remedies available pursuant to this chapter for an excess charge.   2. It shall be a violation of this section and an unlawful practice under section 714.16 to attempt to avoid application of this section by structuring a loan of money secured by a certificate of title to a motor vehicle as a sale, sale and repurchase, sale and lease, pawn, rental purchase, lease, or other type of transaction with the intent to avoid application of this section or any other applicable provision of this chapter.  2007 Acts, ch 26, §3  Referred to in §537.2401, 537.2402
IA Code § 537.2503 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2503 - Deferral charges.

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 at that time or at any time thereafter a deferral charge which is not in excess of one and one-half percent per month for the period of time for which it is deferred, but not to exceed the rate of finance charge which was required to be disclosed in the transaction to the consumer pursuant to section 537.3201 applied to each amount deferred for the period for which it is deferred. In computing a deferral charge for one or more months, any month may be counted as one-twelfth of a year and in computing a deferral charge for part of a month, a day shall be counted as one three hundred sixty-fifth of a year.   b. With respect to an interest-bearing consumer credit transaction not pursuant to an open-end credit arrangement and other than a consumer lease or consumer rental purchase agreement, the parties to the transaction may agree in writing to a deferral of all or part of one or more unpaid installments in addition to any interest accrued pursuant to the terms of the consumer credit transaction. The creditor may make at the time of deferral and receive at that time or at any time thereafter a deferral charge which shall not exceed thirty dollars per deferred installment.   2. In addition to the deferral charge permitted by this section, a creditor may make and receive appropriate additional charges as permitted under section 537.2501, and the amount of these charges which is not paid may be added to the amount deferred for the purpose of computing the deferral charge according to subsection 1.   3. The parties may agree in writing at the time of a precomputed consumer credit transaction that if an installment is not paid within ten days after its due date, the creditor may unilaterally grant a deferral and make charges as provided in this section. No deferral charge may be made for a period after the date that the creditor elects to accelerate the maturity of the transaction.   4. A delinquency charge made by the creditor on an installment may not be retained if a deferral charge is made pursuant to this section with respect to the period of delinquency.  [C66, 71, 73, §536.13(7), 537A.23(4); C75, 77, 79, 81, §537.2503]  2017 Acts, ch 139, §1  Referred to in §322.20, 537.1301
IA Code § 537.2504 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2504 - Finance charge on refinancing.

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 consumer, refinance the unpaid balance and may contract for and receive a finance charge based on the amount financed resulting from the refinancing at a rate not exceeding that permitted by the provisions on finance charge for consumer credit sales other than open-end credit in section 537.2201 if a consumer credit sale is refinanced, the provisions on finance charge for a consumer loan other than a supervised loan in section 537.2401, subsection 1, or the provisions on finance charge for a supervised loan not pursuant to open-end credit in section 537.2401, subsection 2, as applicable, if a consumer loan is refinanced. With respect to a consumer credit transaction in which the rate of finance charge required to be disclosed in the transaction to the consumer pursuant to section 537.3201 exceeds eighteen percent per year, other than a consumer lease or a consumer rental purchase agreement, the creditor may by agreement with the consumer, refinance the unpaid balance and may contract for and receive a finance charge based on the amount financed resulting from the refinancing at a rate of finance charge not to exceed that which was required to be disclosed in the original transaction to the consumer pursuant to section 537.3201. For the purpose of determining the finance charge permitted, the amount financed resulting from the refinancing consists of:   1. If the transaction was not precomputed, the total of the unpaid balance of the amount financed and the accrued charges, including finance charges, on the date of the refinancing, or, if the transaction was precomputed, the amount determined by deducting the unearned portion of the finance charge and any other unearned charges, including charges for insurance or deferral charges, from the unpaid balance on the date of refinancing. For the purposes of this section, the unearned portion of the finance charge and deferral charge, if any, shall be determined as provided in section 537.2510, subsection 2, but without allowing any minimum charge.   2. Appropriate additional charges as permitted under section 537.2501, payment of which is deferred.  [C75, 77, 79, 81, §537.2504]  87 Acts, ch 80, §35; 2018 Acts, ch 1041, §127  Referred to in §537.2505, 537.2508, 537.3308
IA Code § 537.2505 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2505 - Finance charge on consolidation.

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 parties may agree to a consolidation resulting in a single schedule of payments. If the previous consumer credit transaction was not precomputed, the parties may agree to add the unpaid amount of the amount financed and accrued charges including finance charges on the date of consolidation to the amount financed with respect to the subsequent consumer credit transaction. If the previous consumer credit transaction was precomputed, the parties may agree to refinance the unpaid balance pursuant to section 537.2504, and to consolidate the amount financed resulting from the refinancing by adding it to the amount financed with respect to the subsequent consumer credit transaction. In either case the creditor may contract for and receive a finance charge as provided in subsection 3, based on the aggregate amount financed resulting from the consolidation.   3. If all debts consolidated arise exclusively from consumer loans, the creditor may contract for and receive the finance charge permitted by the provisions on finance charge for consumer loans pursuant to section 537.2401. If the debts consolidated include a debt arising from a consumer credit sale, including a transaction pursuant to a lender credit card, the amount of the finance charge is governed by the provisions on finance charge for consumer credit sales in section 537.2201.   4. If a consumer owes an unpaid balance to a creditor with respect to a consumer credit transaction arising out of a consumer credit sale, and becomes obligated on another consumer credit transaction arising out of another consumer credit sale by the same seller, the parties may agree to a consolidation resulting in a single schedule of payments either pursuant to subsection 2 or by adding together the unpaid balances with respect to the two sales.  [C75, 77, 79, 81, §537.2505]  87 Acts, ch 80, §36  Referred to in §537.3302
IA Code § 537.2506 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2506 - Advances to perform covenants of consumer.

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 the duties on behalf of the consumer, the creditor may add the amounts paid to the debt. Within a reasonable time after advancing any sums, the creditor shall state to the consumer in writing the amount of the sums advanced, any charges with respect to this amount, and any revised payment schedule and, if the duties of the consumer performed by the creditor pertain to insurance, a brief description of the insurance paid for by the creditor including the type and amount of coverages. No further information need be given.   2. A finance charge may be made for sums advanced pursuant to subsection 1 at a rate not exceeding the rate of finance charge required to be stated to the consumer pursuant to law in the disclosure statement required by this chapter and the Truth in Lending Act, except that with respect to open-end credit the amount of the advance may be added to the unpaid balance of the debt and the creditor may make a finance charge not exceeding that permitted by section 537.2202 or 537.2402, as applicable.  [C75, 77, 79, 81, §537.2506]  87 Acts, ch 80, §37; 2018 Acts, ch 1041, §127
IA Code § 537.2507 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2507 - Attorney fees.

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 reasonable attorney fees. A provision in violation of this section is unenforceable.  [C75, 77, 79, 81, §537.2507]  2014 Acts, ch 1037, §19  Referred to in §537.5201
IA Code § 537.2508 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2508 - Conversion to open-end credit.

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 creditor. The unpaid balance so added is an amount equal to the amount financed determined according to the provisions on finance charge on refinancing under section 537.2504.  [C75, 77, 79, 81, §537.2508]  87 Acts, ch 80, §38; 2018 Acts, ch 1041, §127
IA Code § 537.2509 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2509 - Right to prepay.

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, §537.2509]  87 Acts, ch 80, §39
IA Code § 537.2601 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.2601 - Charges for other credit transactions.

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 finance charge were made, a charge for delinquency may not exceed amounts allowed for finance charges for consumer credit sales pursuant to open-end credit.  [C75, 77, 79, 81, §537.2601]  2003 Acts, 1st Ex, ch 1, §126, 133  [2003 Acts, 1st Ex, ch 1, §126, 133, amendment to subsection 1 rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193]  2004 Acts, 1st Ex, ch 1001, §22, 23; 2018 Acts, ch 1041, §127  Referred to in §537.5201
IA Code § 537.3101 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3101 - Short title.

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]
IA Code § 537.3102 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3102 - Scope.

537.3102 Scope.   Part 2 applies to disclosure with respect to consumer credit transactions, other than consumer rental purchase agreements, and the provision in section 537.3201 applies to a sale of an interest in land or a loan secured by an interest in land, without regard to the rate of finance charge, if the sale or loan is otherwise a consumer credit sale or consumer loan. Parts 3 and 4 apply, respectively, to disclosure, limitations on agreements and practices, and limitations on consumer’s liability with respect to certain consumer credit transactions. Part 5 applies to home solicitation sales. Part 6 applies to consumer rental purchase agreements.  [C75, 77, 79, 81, §537.3102]  87 Acts, ch 80, §41; 2001 Acts, ch 24, §58
IA Code § 537.3201 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3201 - Compliance with Truth in Lending Act.

537.3201 Compliance with Truth in Lending Act.   A person upon whom the Truth in Lending Act imposes duties or obligations shall make or give to the consumer the disclosures, information and notices required of the person by that Act and in all respects shall comply with that Act. To the extent the Truth in Lending Act does not impose duties or obligations upon a person in a credit transaction, other than a consumer lease, which is a consumer credit transaction under this chapter, the person shall make or give to the consumer disclosures, information and notices in accordance with the Truth in Lending Act, with respect to the credit transaction.  [C75, 77, 79, 81, §537.3201]  Referred to in §537.1202, 537.1301, 537.2401, 537.2503, 537.2504, 537.2510, 537.3102, 537.3212
IA Code § 537.3202 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3202 - Consumer leases.

537.3202 Consumer leases.   1. With respect to a consumer lease the lessor shall give to the consumer the following information:   a. Brief description or identification of the goods.   b. Amount of any payment required at the inception of the lease.   c. Amount paid or payable for official fees, registration, certificate of title, or license fees or taxes.   d. Amount of other charges not included in the periodic payments and a brief description of the charges.   e. Brief description of insurance to be provided or paid for by the lessor, including the types and amounts of the coverages.   f. Except with respect to a consumer lease made pursuant to a lender credit card, the number of periodic payments, the amount of each payment, the due date of the first payment, the due dates of subsequent payments or interval between payments, and the total amount payable by the consumer.   g. Statement of the conditions under which the consumer may terminate the lease prior to the end of the term.   h. Statement of the liabilities the lease imposes upon the consumer at the end of the term.   2. The disclosures required by this section are subject to the following:   a. They shall be made clearly and conspicuously in writing, a copy of which shall be delivered to the lessee.   b. They may be supplemented by additional information or explanations supplied by the lessor but none shall be stated, utilized or placed so as to mislead or confuse the lessee or contradict, obscure or detract attention from the information required to be disclosed by this section.   c. They need be made only to the extent applicable.   d. They shall be made on the assumption that all scheduled payments will be made when due and will comply with this section, although the assumption may be rendered inaccurate by an act, occurrence or agreement subsequent to the required disclosure.   e. They shall be made before the lease transaction is consummated but may be made in the lease to be signed by the lessee.  [C75, 77, 79, 81, §537.3202]  Referred to in §537.5201