reglab/housing_qa huggingface dataset:
IA Code § 535.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.3 - Interest rate — judgments and decrees — periodic compensation payments.

535.3 Interest rate — judgments and decrees — periodic compensation payments.   1. a. Interest shall be allowed on all money due on judgments and decrees of courts at a rate calculated according to section 668.13.   b. Notwithstanding paragraph “a”, interest due pursuant to section 85.30 shall accrue from the date each compensation payment is due at an annual rate equal to the one-year treasury constant maturity published by the federal reserve in the most recent H15 report settled as of the date of injury, plus two percent.   2. Interest on periodic payments for child, spousal, or medical support shall not accrue until thirty days after the payment becomes due and owing and shall accrue at a rate of ten percent per annum thereafter. Additionally, interest on these payments shall not accrue on amounts being paid through income withholding pursuant to chapter 252D for the time these payments are unpaid solely because the date on which the payor of income withholds income based upon the payor’s regular pay cycle varies from the provisions of the support order.  [C51, §946; R60, §1789; C73, §2078; C97, §3039; C24, 27, 31, 35, 39, §9405; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, S79, C81, §535.3]  87 Acts, ch 157, §1; 96 Acts, ch 1141, §33; 97 Acts, ch 175, §232; 97 Acts, ch 197, §2 – 4, 16; 2017 Acts, ch 23, §23  Referred to in §85.22, 85.30, 85.47, 85.48, 87.11, 97A.14A, 97B.50A, 249A.53, 249B.6, 252C.6, 411.22, 445.3, 486A.104, 488.107, 502.102, 515B.5, 535.11, 657A.3, 657A.6, 715B.4
IA Code § 535.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.4 - Illegal rate prohibited — usury.

535.4 Illegal rate prohibited — usury.   No person shall, directly or indirectly, receive in money or in any other thing, or in any manner, any greater sum or value for the loan of money, or upon contract founded upon any sale or loan of real or personal property, than is in this chapter prescribed.  [R60, §1790; C73, §2079; C97, §3040; C24, 27, 31, 35, 39, §9406; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, S79, C81, §535.4]  Referred to in §535.2
IA Code § 535.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.5 - Penalty for usury.

535.5 Penalty for usury.   If it is ascertained in an action brought on a contract that a rate of interest has been contracted for, directly or indirectly, in money or in property, greater than is authorized by this chapter, the rate shall work a forfeiture of eight cents on the hundred by the year upon the amount of the principal remaining unpaid upon the contract at the time judgment is rendered, and the court shall enter final judgment in favor of the plaintiff and against the defendant for the principal sum remaining unpaid without costs, and also against the defendant and in favor of the state, to be paid to the treasurer of state for deposit in the general fund of the state, for the amount of the forfeiture. If unlawful interest is contracted for the plaintiff shall not have judgment for more than the principal sum, whether the unlawful interest is incorporated with the principal or not.  [R60, §1791; C73, §2080; C97, §3041; C24, 27, 31, 35, 39, §9407; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, S79, C81, §535.5]  83 Acts, ch 185, §52, 62; 83 Acts, ch 186, §10109, 10201, 10204
IA Code § 535.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.7 - Assignee of usurious contract.

535.7 Assignee of usurious contract.   Any assignee of a usurious contract, becoming such in good faith in the usual course of business and without notice of such fact, may recover of the usurer the full amount of the consideration paid by the assignee therefor, less any sum that may have been realized on the contract, anything in this chapter contained to the contrary notwithstanding.  [R60, §1792; C73, §2081; C97, §3042; C24, 27, 31, 35, 39, §9409; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, S79, C81, §535.7]
IA Code § 535.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.9 - Prepayment penalties on loans secured by real estate mortgages prohibited.

535.9 Prepayment penalties on loans secured by real estate mortgages prohibited.   1. As used in this section, “loan” means a loan of money which is wholly or in part to be used for the purpose of purchasing real property which is a single-family or a two-family dwelling occupied or to be occupied by the borrower, or which is payable over a term of five years or less for the purpose of purchasing agricultural land. “Loan” includes the refinancing of a contract of sale, and the refinancing of a prior loan, whether or not the borrower also was the borrower under the prior loan, and the assumption of a prior loan.   2. Whenever a borrower under a loan prepays part or all of the outstanding balance of the loan the lender shall not receive an amount in payment of interest which is greater than the amount determined by applying the rate of interest agreed upon by the lender and the borrower to the unpaid balance of the loan for a period of time during which the borrower had the use of the money loaned; and the lender shall not impose any penalty or other charge in addition to the amount of interest due as a result of the repayment of that loan at a date earlier than is required by the terms of the loan agreement. A lender may, however, require advance notice of not more than thirty days of a borrower’s intent to repay the entire outstanding balance of a loan if the payment of that balance, together with any partial prepayments made previously by the borrower, will result in the repayment of the loan at a date earlier than is required by the terms of the loan agreement.   3. If any lender receives an amount of interest greater than permitted by subsection 2 of this section, or imposes any penalty or other charge prohibited by subsection 2 of this section, the borrower shall have the right to recover all amounts paid the lender which are in excess of the amounts permitted by subsection 2 of this section, plus attorney’s fees and court costs incurred in any action necessary to effect such recovery.  [C79, S79, C81, §535.9]  2006 Acts, ch 1075, §1  Referred to in §533.315, 535.8, 536A.23
IA Code § 535.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.10 - Home equity line of credit.

535.10 Home equity line of credit.   1. As used in this chapter, the term “home equity line of credit” means an arrangement pursuant to which all of the following are applicable:   a. The amounts borrowed and the interest and other charges are debited to an account.   b. The interest is computed on the account periodically.   c. The borrower has the right to pay in full at any time without penalty or to pay in the installments which are established by the loan agreement.   d. The lender agrees to permit the borrower to borrow money from time to time with the maximum amount of each borrowing established by the loan agreement.   e. The account is secured by an interest in real estate. The priority of the secured interest in the real estate shall be determined by section 654.12A.   2. Except as provided in this section, a home equity line of credit is subject to chapter 537. However, sections 537.2307, 537.2402, and 537.2510 do not apply.   3. a. A lender may collect in connection with establishing or renewing a home equity line of credit the costs listed in section 535.8, subsection 4, paragraph “a” or “b”, charges for insurance as described in section 537.2501, subsection 2, and a loan processing fee as agreed between the borrower and the lender, and annually may collect an account maintenance fee of not more than fifteen dollars. Fees collected under this subsection shall be disregarded for purposes of determining the maximum charge permitted by subsection 4.   b. The parties to a home equity line of credit which is not a consumer credit transaction, as defined in section 537.1301, may contract for a delinquency charge under terms no more favorable than those permitted for open-end credit under section 537.2502.   4. The interest rate on a home equity line of credit shall not exceed one and three-quarters percent per month.   5. Real estate which is the consumer’s principal dwelling shall not be subject to foreclosure when the balance secured is two thousand dollars or less.  84 Acts, ch 1272, §1; 95 Acts, ch 35, §1; 99 Acts, ch 15, §1; 2014 Acts, ch 1037, §7; 2015 Acts, ch 29, §84  Referred to in §535.17
IA Code § 535.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.12 - Loans by agricultural credit corporation.

535.12 Loans by agricultural credit corporation.   1. An agricultural credit corporation may lend money pursuant to a written promissory note or other writing evidencing the loan obligation, at a rate of interest which is not more than four percentage points above the lending rate in effect at the farm credit bank of Omaha, Nebraska, for the month during which the writing evidencing the loan obligation is made, provided that the loan is for an agricultural production purpose and further provided that the loan would, but for this section, be subject to the maximum rate of interest prescribed by section 535.2, subsection 3, paragraph “a”.   2. On or prior to the first day of each calendar month following June 13, 1980, the superintendent of banking shall determine the maximum rate of interest which may be charged pursuant to subsection 1 of this section on loans made by an agricultural credit corporation during that month, and shall cause the maximum rate to be published as soon after determination as possible, as a notice in the Iowa administrative bulletin or as a legal notice in a newspaper of general circulation published in Polk county. The maximum rate so determined shall be effective as provided in subsection 1 of this section regardless of the date of publication of the notice, except that no agricultural credit corporation shall be found in violation of this chapter solely on account of having made a loan on or prior to the day on which a notice of a maximum rate is published as provided in this subsection, if the loan would have been lawful if made during the preceding calendar month.   3. This section does not prohibit an agricultural credit corporation from lending money as otherwise permitted by law.   4. As used in this section:   a. “Agricultural credit corporation” means a corporation which has been designated by the farm credit bank of Omaha, Nebraska, as an agricultural credit corporation eligible to sell or discount loans to that bank pursuant to 12 U.S.C. §2075.   b. “Agricultural production purpose” means a purpose related to the production of agricultural products.   c. “Agricultural products” includes agricultural, horticultural, viticultural, and dairy products, livestock, wildlife, poultry, bees, forest products thereof, and any and all products produced on farms.  [C81, §535.12]  89 Acts, ch 257, §26; 2014 Acts, ch 1092, §190; 2016 Acts, ch 1011, §104, 105  Referred to in §524.103
IA Code § 535.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.13 - Definitions.

535.13 Definitions.   As used in this chapter, unless the context otherwise requires:   1. “Agricultural products” includes agricultural, horticultural, viticultural, and dairy products, livestock, wildlife, poultry, bees, forest products, fish and shellfish, and any products thereof, including processed and manufactured products, and any and all products raised or produced on farms and any processed or manufactured products thereof.   2. “Agricultural purpose” means a purpose related to the production, harvest, exhibition, marketing, transportation, processing, or manufacture of agricultural products by a person who cultivates, plants, propagates, or nurtures the agricultural products.  [C81, §535.13; 82 Acts, ch 1153, §7]  2017 Acts, ch 29, §155  Referred to in §535.2, 558.70, 615.1, 615.3, 628.26, 628.28, 654.20, 655A.9
IA Code § 535.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.14 - Prompt crediting of payment on loans secured by residential real property.

535.14 Prompt crediting of payment on loans secured by residential real property.   A lender is subject to the requirements set forth in section 537.3206, regarding the prompt crediting of payments, with respect to a loan secured by a lien or security interest on owner-occupied residential real property. For purposes of this section, “residential real property” means residential real property as defined in section 535B.1.  99 Acts, ch 15, §2
IA Code § 535.15 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.15 - Open-end credit and credit card disclosure.

535.15 Open-end credit and credit card disclosure. Repealed by 99 Acts, ch 73, §1.
IA Code § 535.16 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.16 - Delivery of copies of debt documents.

535.16 Delivery of copies of debt documents.   1. A lender or other secured party shall provide to a debtor, at the time a document relating to a debt is signed, a copy of the document signed by the debtor. Receipt of a copy required by this section may be acknowledged anywhere on the document or on a separate acknowledgment of receipt.   2. A lender or other secured party shall provide to a debtor copies of all documents signed by the debtor relating to the debt at any other time, upon request, for a charge that shall not exceed the reasonable cost of copying the document.  86 Acts, ch 1081, §1; 87 Acts, ch 163, §1; 88 Acts, ch 1023, §1; 2018 Acts, ch 1041, §127
IA Code § 535.18 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535 - MONEY AND INTEREST|Section 535.18 - Consumer credit terms for service members — enforcement.

535.18 Consumer credit terms for service members — enforcement.   The superintendent of banking and the superintendent of credit unions, as applicable, shall have the authority to enforce the consumer protection provisions of 10 U.S.C. §987 concerning limitations on terms of consumer credit extended to service members and their dependents.  2010 Acts, ch 1171, §5
IA Code § 535A.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535A - MORTGAGE LOANS — RED-LINING|Section 535A.1 - Definitions.

535A.1 Definitions.   For purposes of this chapter, unless the context otherwise requires:   1. “Financial institution” means any bank, credit union, insurance company, mortgage banking company or savings and loan association, industrial loan company, or like institution or any other person who makes mortgage loans and which operates or has a place of business in this state. “Financial institution” does not include an individual who makes less than five mortgage loans a year.   2. “Mortgage loan” means a loan for the purchase, construction, improvement, or rehabilitation of residential property containing or to contain four or fewer family dwelling units in which the property is used as security for the loan.   3. “Red-lining” means the practice by which a financial institution may designate certain areas as unsuitable for the making of mortgage loans and reject applications for mortgage loans or vary the terms of a mortgage loan upon property within that area because of the prevailing income, racial, or ethnic characteristics of the area, or because of the age of the structures in the area.   4. “Vary the terms of a mortgage loan” includes but is not limited to the following:   a. Requiring a greater than average down payment than is usual for the particular type of mortgage loan involved.   b. Requiring a shorter period of amortization than is usual for the particular type of mortgage loan involved.   c. Charging a higher interest rate or higher loan origination fees than is usual for the particular type of mortgage loan involved.   d. An unreasonable underappraisal of real estate or item of property offered as security.  [C79, 81, §535A.1; 81 Acts, ch 174, §4, 5]  85 Acts, ch 238, §1; 2010 Acts, ch 1114, §1  Referred to in §528.2, 535A.2, 535A.6
IA Code § 535A.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535A - MORTGAGE LOANS — RED-LINING|Section 535A.2 - Discriminatory — real estate mortgages.

535A.2 Discriminatory — real estate mortgages.   1. It is a discriminatory practice for any financial institution accepting mortgage loan applications to engage in the practice of red-lining as defined in section 535A.1.   2. This section shall be administered and enforced by the following agencies:   a. The superintendent of banking or the superintendent’s designee in regard to banks, persons licensed under chapter 536A, and mortgage banking companies.   b. The commissioner of insurance or the commissioner’s designee pursuant to chapter 505 in regard to all insurance companies.   c. The superintendent of credit unions or the superintendent’s designee in regard to all credit unions.  [C79, 81, §535A.2]  2010 Acts, ch 1114, §2; 2012 Acts, ch 1017, §134  Referred to in §535A.6, 535A.7
IA Code § 535A.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535A - MORTGAGE LOANS — RED-LINING|Section 535A.3 - Discretion of financial institution.

535A.3 Discretion of financial institution.   Nothing contained in this chapter shall preclude a financial institution from applying economically sound underwriting practices in contemplation of any mortgage loan to any person. Such practices shall include but are not limited to the following:   1. The willingness and the financial ability of the borrower to repay the mortgage loan.   2. The appraised value of any real estate or other item of property proposed as security for any mortgage loan.   3. Diversification of the financial institution’s investment portfolio.  [C79, 81, §535A.3]  Referred to in §535A.6
IA Code § 535A.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535A - MORTGAGE LOANS — RED-LINING|Section 535A.4 - Disclosure.

535A.4 Disclosure. Repealed by  2010 Acts, ch 1114, §5  .
IA Code § 535A.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535A - MORTGAGE LOANS — RED-LINING|Section 535A.5 - Agency to administer.

535A.5 Agency to administer. Repealed by 2010 Acts, ch 1114, §5.
IA Code § 535A.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535A - MORTGAGE LOANS — RED-LINING|Section 535A.6 - Action for damages.

535A.6 Action for damages.   1. Any person who has been aggrieved as a result of a violation of sections 535A.1 through 535A.3, this section, or sections 535A.7 through 535A.9 may bring an action in the district court of the county in which the violation occurred or in the county where the financial institution involved is located.   2. Upon a finding that a financial institution has committed a violation of either section 535A.2 or 535A.9, the court may award actual damages, court costs, and attorney fees.  [C79, 81, §535A.6]  85 Acts, ch 238, §2; 2010 Acts, ch 1114, §3; 2011 Acts, ch 25, §66  Referred to in §535A.8
IA Code § 535A.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535A - MORTGAGE LOANS — RED-LINING|Section 535A.7 - Criminal penalty.

535A.7 Criminal penalty.   Any person who knowingly engages in a practice which violates the provisions of section 535A.2 or 535A.9 is guilty of a serious misdemeanor.  [C79, 81, §535A.7]  85 Acts, ch 238, §3; 2010 Acts, ch 1114, §4  Referred to in §535A.6
IA Code § 535A.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535A - MORTGAGE LOANS — RED-LINING|Section 535A.8 - Civil penalty.

535A.8 Civil penalty.   Any person who in bad faith fails to comply with the provisions of this chapter is subject to punitive damages not to exceed one thousand dollars in addition to actual damages as set forth in section 535A.6.  [C79, 81, §535A.8]  Referred to in §535A.6
IA Code § 535A.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535A - MORTGAGE LOANS — RED-LINING|Section 535A.9 - Tying arrangements prohibited.

535A.9 Tying arrangements prohibited.   1. A financial institution which makes or offers to make real estate mortgage loans shall not:   a. Grant or offer to grant a loan on the prior condition, that the borrower is required to contract with any specific person or organization for either of the following:   (1) Services of a real estate agent or broker.   (2) Insurance services as an agent, broker, or underwriter.   b. Use confidential credit status information that is used for qualifying a person for the purchase of real property for solicitation purposes either directly or indirectly by an affiliate subsidiary.   c. Attempt or permit a real estate or insurance subsidiary to attempt to create the impression in its advertising or in any communication that the customers of the subsidiary shall have priority access to the funds of the financial institution or are entitled to preferential interest rates or other terms.   2. This section does not apply to the Iowa finance authority or a program operated pursuant to chapter 16.  85 Acts, ch 238, §4; 85 Acts, ch 252, §56  Referred to in §535A.6, 535A.7
IA Code § 535B.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 535B - MORTGAGE BANKERS, MORTGAGE BROKERS, AND CLOSING AGENTS|Section 535B.2 - Exemptions.

535B.2 Exemptions.   This chapter, except for sections 535B.3, 535B.11, 535B.12, and 535B.13, does not apply to any of the following:   1. A bank, bank holding company, savings bank, savings and loan association, or credit union organized under the laws of this state, another state, or the United States, or a subsidiary owned or controlled by such a bank, bank holding company, savings bank, savings and loan association, or credit union.   2. A loan company licensed under chapter 536 or 536A, except when acting as a closing agent.   3. An insurance company or a subsidiary or affiliate of an insurance company organized under the laws of this state, another state, or the United States, and subject to regulation by the commissioner of insurance.   4. Mortgage lenders or mortgage bankers maintaining an office in this state whose principal business in this state is conducted with or through mortgage lenders or mortgage bankers otherwise exempt under this section and which maintain a place of business in this state.   5. An individual who is employed by a person otherwise exempt under this section, or who, by contract, operates exclusively on behalf of a person otherwise exempt under this section to the extent that the individual is acting within the scope of the individual’s employment or exclusive contract with the exempt person and is acting within the scope of the exempt person’s charter, license, authority, approval, or certificate.   6. A real estate broker licensed under chapter 543B while engaged in practice as a real estate broker.   7. A nonprofit organization qualifying for tax-exempt status under the Internal Revenue Code as defined in section 422.3 which offers housing services to low and moderate income families.   8. An attorney licensed to practice law in this state or the attorney’s employees or agents acting under the attorney’s direction, in a transaction where the conduct of the attorney is regulated by the Iowa supreme court in its capacity as disciplinary authority over attorneys.   9. An officer or employee of the federal government, any state government, or a political subdivision of the state acting in an official capacity.   10. A qualified intermediary or an exchange accommodation titleholder facilitating an exchange under section 1031 of the Internal Revenue Code whose role in the transaction is limited to acting in such a capacity.  88 Acts, ch 1146, §2; 89 Acts, ch 83, §76; 89 Acts, ch 133, §4, 5; 96 Acts, ch 1056, §21; 2005 Acts, ch 83, §4, 10; 2008 Acts, ch 1160, §15; 2010 Acts, ch 1111, §2, 13  Referred to in §535B.2A, 535B.3, 558.70