reglab/housing_qa huggingface dataset:
IA Code § 537.3308 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3308 - Balloon payments.

537.3308 Balloon payments.   1. Except as provided in subsection 2, if any scheduled payment of a consumer credit transaction is more than twice as large as the average of earlier scheduled payments, the consumer has the right to refinance the amount of that payment at the time it is due without penalty, as provided in section 537.2504. The terms of the refinancing shall be no less favorable to the consumer than the terms of the original transaction.   2. This section does not apply to any of the following:   a. A consumer lease.   b. A transaction pursuant to open-end credit.   c. A transaction to the extent that the payment schedule is adjusted to the seasonal or irregular income or scheduled payments of obligations of the consumer.   d. A transaction of a class defined by rule of the administrator as not requiring for the protection of the consumer a right to refinance as provided in this section.   e. A consumer loan in which the amount financed exceeds five thousand dollars and is secured by an interest in land.   f. A consumer rental purchase agreement.   g. A consumer loan secured by a certificate of title in a motor vehicle.  [C75, 77, 79, 81, §537.3308; 82 Acts, ch 1153, §17]  87 Acts, ch 80, §43; 2001 Acts, ch 21, §1; 2018 Acts, ch 1041, §127
IA Code § 537.3309 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3309 - Referral sales and leases.

537.3309 Referral sales and leases.   A practice unlawful under section 714.16, subsection 2, paragraph “b”, if done in connection with a consumer credit sale or consumer lease, is a violation of this chapter for which the consumer has a cause of action under section 537.5201, subsection 1. The administrator has all powers granted under article 6, part 1, to enforce the provisions of section 714.16, subsection 2, paragraph “b”. If a consumer is induced by a violation of section 714.16, subsection 2, paragraph “b” to enter into a consumer credit sale or consumer lease, the agreement is unenforceable by the seller or lessor and the consumer, at the consumer’s option, in addition to other remedies, may rescind the agreement or retain the goods delivered and the benefit of any services performed, without any obligation to pay for them.  [C75, 77, 79, 81, §537.3309]  Referred to in §537.5201
IA Code § 537.3310 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3310 - Limitations on executory transactions.

537.3310 Limitations on executory transactions.   1. In a consumer credit transaction, other than a consumer rental purchase agreement, if performance by a creditor is by delivery of goods, services, or both, in four or more installments, either on demand of the consumer or by prearranged scheduled performance, the consumer may cancel the obligation with respect to that part which has not been performed on the date of cancellation.   2. If the consumer exercises the right to cancel or, in any event, if the creditor attempts to exercise a right to accelerate, the creditor is entitled to recover only that part of the cash price and charges attributable to the part of the creditor’s obligation which has been performed.   3. Cancellation under this section shall be effective when the consumer mails or delivers a written notice of cancellation.   4. Notwithstanding an agreement to the contrary, a creditor may not exercise a right to accelerate beyond the amount set forth in subsection 2.   5. Subsections 1 through 4 do not apply to a membership camping contract which is subject to the requirements of chapter 557B.  [C75, 77, 79, 81, §537.3310]  87 Acts, ch 80, §44; 87 Acts, ch 181, §4  Referred to in §537.5201, 557B.14
IA Code § 537.3311 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3311 - Discrimination prohibited.

537.3311 Discrimination prohibited.   A creditor shall not refuse to enter into a consumer credit transaction or impose finance charges or other terms or conditions more onerous than those regularly extended by that creditor to consumers of similar economic backgrounds due to any of the following:   1. The age, color, creed, national origin, political affiliation, race, religion, sex, marital status, or disability of the consumer.   2. The consumer receives public assistance, social security benefits, pension benefits, or the like.   3. The exercise by the consumer of rights pursuant to this chapter or the federal Consumer Credit Protection Act, 15 U.S.C. §1601 et seq.  [C75, 77, 79, 81, §537.3311]  2003 Acts, ch 54, §1  Referred to in §537.1201, 537.5201  See also §216.10
IA Code § 537.3401 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3401 - Restriction on liability in consumer lease.

537.3401 Restriction on liability in consumer lease.   The obligation of a lessee upon expiration of a consumer lease may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.  [C75, 77, 79, 81, §537.3401]
IA Code § 537.3402 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3402 - Limitation on default charges.

537.3402 Limitation on default charges.   Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit transaction other than a consumer lease may not provide for any charges as a result of default by the consumer other than those authorized by this chapter. A provision in violation of this section is unenforceable.  [C75, 77, 79, 81, §537.3402]  Referred to in §322.20, 537.5201
IA Code § 537.3403 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3403 - Card issuer subject to claims and defenses.

537.3403 Card issuer subject to claims and defenses.   1. This section neither limits the liability of nor imposes liability on a card issuer as a manufacturer, supplier, seller, or lessor of property or services sold or leased pursuant to the credit card. This section may subject a card issuer to claims and defenses of a cardholder against a seller or lessor arising from sales or leases made pursuant to the credit card.   2. A card issuer is subject to claims and defenses of a cardholder against the seller or lessor arising from the sale or lease of property or services by a seller or lessor licensed, franchised, or permitted by the card issuer or a person related to the card issuer to do business under the trade name or designation of the card issuer or a person related to the card issuer, to the extent of the original amount owing to the card issuer with respect to the sale or lease of the property or services as to which the claim or defense arose.   3. Except as otherwise provided in subsection 2, a card issuer, including a lender credit card issuer, is subject to all claims and defenses of a cardholder against the seller or lessor arising from the sale or lease of property or services pursuant to the credit card only if all of the following apply:   a. The original amount owing to the card issuer with respect to the sale or lease of the property or services as to which the claim or defense arose exceeds fifty dollars.   b. The residence of the cardholder and the place where the sale or lease occurred are in the same state or within one hundred miles of each other.   c. The cardholder has made a good faith attempt to obtain satisfaction from the seller or lessor with respect to the claim or defense.   4. Except as otherwise provided in subsection 2, a card issuer, including a lender credit card issuer, is subject to claims and defenses only to the extent of the amount owing to the card issuer with respect to the sale or lease of the property or services as to which the claim or defense arose at the time the card issuer has notice of the claim or defense. Notice of the claim or defense may be given prior to the attempt to obtain satisfaction specified in subsection 3. Written notice is effective when mailed or delivered.   5. For the purpose of determining the amount owing to the card issuer with respect to the sale or lease upon an open-end credit account, payments received for the account are deemed to have been first applied to the payment of finance charges in the order of their entry to the account and then to the payment of debts in the order in which the entries of the debts are made to the account.   6. Except as provided in section 537.1107, an agreement may not contain a provision to limit or waive the claims or defenses of a cardholder under this section. A provision in violation of this subsection is unenforceable.  [C75, 77, 79, 81, §537.3403]  2018 Acts, ch 1041, §127  Referred to in §537.5201
IA Code § 537.3501 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3501 - Door-to-door sales.

537.3501 Door-to-door sales.   In a consumer credit sale or a sale in which the goods or services are paid for in whole or in part by a lender credit card or a consumer loan in which the lender is subject to defenses arising from the sale under section 537.3405, a consumer has, in addition to all the rights and remedies provided by chapter 555A, a cause of action under section 537.5201, subsection 1, and the administrator has all powers granted under article 6, part 1, to enforce the provisions of chapter 555A.  [C75, 77, 79, 81, §537.3501]  Referred to in §537.1201, 537.5201
IA Code § 537.3601 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3601 - Short title.

537.3601 Short title.   This part of article 3 may be known and may be cited as the “Consumer Rental Purchase Agreement Act”.  87 Acts, ch 80, §1
IA Code § 537.3602 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3602 - Purposes — rules of construction.

537.3602 Purposes — rules of construction.   1. This part shall be liberally construed and applied to promote its underlying purposes and policies.   2. The underlying purposes and policies of this part are to:   a. Define, simplify, and clarify the law governing consumer rental purchase agreements.   b. Provide certain disclosures to consumers who enter into consumer rental purchase agreements, and further consumer understanding of the terms of consumer rental purchase agreements.   c. Protect consumers against unfair practices.   d. Permit and encourage the development of fair and economically sound rental purchase practices.   e. Make the law on consumer rental purchase agreements, including administrative rules, more uniform among the various uniform consumer credit code jurisdictions.   3. A reference to a requirement imposed by this part includes a reference to a related rule of the administrator adopted pursuant to this chapter.  87 Acts, ch 80, §2
IA Code § 537.3603 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3603 - Exclusions.

537.3603 Exclusions.   This part does not apply to, and an agreement which complies with this part is not governed by, the provisions regarding:   1. A consumer credit sale as defined in section 537.1301, subsection 13.   2. A consumer lease as defined in section 537.1301, subsection 14.   3. A consumer loan as defined in section 537.1301, subsection 15.   4. A lease or agreement which constitutes a “credit sale” as defined in  12 C.F.R. §226.2(a16)  , and the Truth in Lending Act, 15 U.S.C. §1602(g), or an agreement which constitutes a “sale of goods” under section 537.1301, subsection 39.   5. A lease which constitutes a consumer lease as defined in  12 C.F.R. §213.2(a6)  .   6. A lease or agreement which constitutes a security interest as defined in section 554.1201, subsection 2.  87 Acts, ch 80, §3; 88 Acts, ch 1134, §97; 2007 Acts, ch 41, §41
IA Code § 537.3604 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3604 - General definitions.

537.3604 General definitions.   As used in this part, unless otherwise required by the context:   1. “Administrator” means the administrator as designated in section 537.6103.   2. “Advertisement” means a commercial message in any medium, including signs, window displays, and price tags, that promotes, directly or indirectly, a consumer rental purchase agreement.   3. “Cash price” means the price at which the lessor in the ordinary course of business would offer to sell the personal property to the lessee for cash on the date of the consumer rental purchase agreement.   4. “Consummation” means the time at which the lessee enters into a consumer rental purchase agreement.   5. “Lessee” means a natural person who rents personal property under a consumer rental purchase agreement for personal, family, or household use.   6. “Lessor” means a person who, in the ordinary course of business, regularly leases, offers to lease, or arranges for the leasing of property under a consumer rental purchase agreement.   7. “Personal property” means any property that is not real property under the laws of this state when it is made available for a consumer rental purchase agreement. For the purposes of this part, “personal property” does not include a motor vehicle, a manufactured home, or a manufactured or mobile home as defined in section 321.1.   8. “Consumer rental purchase agreement” means an agreement for the use of personal property in which all of the following are applicable:   a. The lessor is regularly engaged in the rental purchase business.   b. The agreement is for an initial period of four months or less, whether or not there is any obligation beyond the initial period, that is automatically renewable with each payment and that permits the lessee to become the owner of the property.   c. The lessee is a person other than an organization.   d. The lessee takes under the consumer rental purchase agreement primarily for a personal, family, or household purpose.   e. The amount payable under the consumer rental purchase agreement does not exceed the threshold amount.  87 Acts, ch 80, §4; 2008 Acts, ch 1025, §2; 2014 Acts, ch 1037, §20  Referred to in §423.31, 535.17, 537.1301
IA Code § 537.3605 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3605 - Disclosures.

537.3605 Disclosures.   In a consumer rental purchase agreement, the lessor shall disclose the following items, as applicable:   1. The total of scheduled payments accompanied by an explanation that this term means the “total dollar amount of lease payments you will have to make to acquire ownership”.   2. By item, the total number, amounts, and timing of all lease payments and other charges including taxes or official fees paid to or through the lessor which are necessary to acquire ownership of the property.   3. Any initial or advance payment such as a delivery charge, security deposit, or trade-in allowance.   4. A statement that the lessee will not own the property until the lessee has made the total of payments necessary to acquire ownership of the property.   5. A statement that the total of payments does not include additional charges such as late payment charges, and a separate listing and explanation of these charges as applicable.   6. If applicable, a statement that the lessee is responsible for the fair market value of the property if and as of the time it is lost, stolen, damaged, or destroyed.   7. A description of the goods or merchandise including model numbers as applicable and a statement indicating whether the property is new or used. It is not a violation of this subsection to indicate that the property is used if it is actually new.   8. A statement that at any time after the first periodic payment is made, the lessee may acquire ownership of the property by exercising the option to purchase the property, and at what price, or by what formula or method the purchase price will be determined. It is not a violation of this subsection for the lessor and the lessee to agree in writing to allow the lessee to acquire ownership of the property for less than the amounts referred to in this subsection.   9. The cash price of the merchandise.  87 Acts, ch 80, §5; 89 Acts, ch 128, §1  Referred to in §537.3606, 537.3608, 537.3610, 537.3612, 537.3616
IA Code § 537.3607 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3607 - Receipts.

537.3607 Receipts.   The lessor shall furnish the lessee, without request, an itemized written receipt for each payment in cash, or any other time the method of payment itself does not provide evidence of payment.  87 Acts, ch 80, §7
IA Code § 537.3608 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3608 - Acquiring ownership.

537.3608 Acquiring ownership.   1. A lessor shall not offer a consumer rental purchase agreement in which fifty percent of all lease payments necessary to acquire ownership of the leased property exceeds the cash price of the leased property. When fifty percent of all lease payments made by a lessee equals the cash price of the property disclosed to the lessee pursuant to section 537.3605, subsection 9, the lessee shall acquire ownership of the leased property and the agreement shall terminate.   2. At any time after tendering an initial lease payment, a lessee may acquire ownership of the property that is the subject of the consumer rental purchase agreement by tendering an amount equal to the amount by which the cash price of the leased property exceeds fifty percent of all lease payments made by the lessee.   3. It is not a violation of this section for the lessor and the lessee to agree in writing to allow the lessee to acquire ownership of the property for less than the amounts referred to in this section.  87 Acts, ch 80, §8; 89 Acts, ch 128, §2  Referred to in §537.3610
IA Code § 537.3609 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3609 - Renegotiation.

537.3609 Renegotiation.   1. A renegotiation occurs when an existing consumer rental purchase agreement is satisfied and replaced by a new consumer rental purchase agreement undertaken by the same lessor and lessee. A renegotiation is a new lease requiring new disclosures.   2. However, the following events are not renegotiations:   a. The addition or return of property in a multi-item agreement or the substitution of the leased property, if in either case the lease payment is not changed by more than twenty-five percent.   b. A deferral or extension of one or more lease payments, or portions of a lease payment.   c. A reduction in charges in the agreement.   d. A lease or agreement involved in a court proceeding.  87 Acts, ch 80, §9
IA Code § 537.3610 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3610 - Balloon payments prohibited.

537.3610 Balloon payments prohibited.   A lessee shall not be required, as a condition to acquiring ownership, to make a payment that is more than twice the amount of a regular rental payment, or to pay lease payments totaling more than the cost to acquire ownership as disclosed pursuant to section 537.3605. This section does not apply to payments made pursuant to section 537.3608, 537.3612, or 537.3619.  87 Acts, ch 80, §10
IA Code § 537.3611 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3611 - Prohibited charges.

537.3611 Prohibited charges.   A lessor shall not make a charge for any of the following:   1. Any insurance whether in connection with the transaction or otherwise, except that a charge may be made for property insurance on the leased property if the charge is clearly disclosed as optional and all other requirements of section 537.2501, subsection 2, paragraph “a”, are met.   2. A penalty for early termination of a consumer rental purchase agreement or for the return of an item at any point, except for those charges authorized by sections 537.3612 and 537.3613.   3. Payment by a cosigner of the consumer rental purchase agreement of any fees or charges which could not be imposed upon the lessee as part of the consumer rental purchase agreement.  87 Acts, ch 80, §11
IA Code § 537.3612 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3612 - Additional charges.

537.3612 Additional charges.   1. In a consumer rental purchase agreement, the lessor may contract for and receive an initial nonrefundable administrative fee not to exceed ten dollars. If a security deposit is required by the lessor, the amount and conditions under which it is returned must be disclosed with the disclosures required by sections 537.3605 and 537.3606.   2. In a consumer rental purchase agreement, the lessor may contract for and receive a delivery charge not to exceed ten dollars or, in the case of a consumer rental purchase agreement covering more than five items, a delivery charge not to exceed twenty-five dollars. A delivery charge may be assessed only if the lessor actually delivers the items to the lessee’s dwelling and the delivery charge is disclosed with the disclosures required by sections 537.3605 and 537.3606. The delivery charge may be assessed in lieu of and not in addition to the initial administrative charge in subsection 1 of this section.   3. In a consumer rental purchase agreement, a lessor may contract for and receive a charge for picking up payments from the lessee if the lessor is required or requested to visit the lessee’s dwelling to pick up a payment. In a consumer rental purchase agreement with payment or renewal dates which are more frequent than monthly, this charge shall not be assessed more than three times in any three-month period. In consumer rental purchase agreements with payments or renewal options which are at least monthly, this charge shall not be assessed more than three times in any six-month period. A charge assessed pursuant to this subsection shall not exceed seven dollars. This charge is in lieu of any delinquency charge assessed for the applicable payment period.   4. a. In a consumer rental purchase agreement, the parties may contract for late charges or delinquency fees as follows:   (1) For consumer rental purchase agreements with monthly renewal dates, a late charge not exceeding five dollars may be assessed on any payment not made within five business days after either payment is due or the return of the property is required.   (2) For consumer rental purchase agreements with weekly or biweekly renewal dates, a late charge not exceeding three dollars may be assessed on any payments not made within three business days after either payment is due or the return of the property is required.   b. A late charge on a consumer rental purchase agreement may be collected only once on any accrued payment, no matter how long it remains unpaid. A late charge may be collected at the time it accrues or at any time thereafter. A late charge shall not be assessed against a payment that is timely made, even though an earlier late charge has not been paid in full.  87 Acts, ch 80, §12; 2012 Acts, ch 1023, §157  Referred to in §537.3610, 537.3611, 537.3616
IA Code § 537.3613 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.3613 - Reinstatement fees.

537.3613 Reinstatement fees.   A reinstatement fee as provided for in section 537.3616 shall not equal more than the outstanding balance of any missed payments and delinquency charges on those missed payments plus an additional reinstatement fee that shall not exceed five dollars.  87 Acts, ch 80, §13  Referred to in §537.3611