GroundRules
Iowa Code § 537.3402: Limitation on default charges.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 537 - CONSUMER CREDIT CODE
- Article 3 - REGULATION OF AGREEMENTS AND PRACTICES
- Part 4 - LIMITATIONS ON CONSUMER’S LIABILITY
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.
Collected 2026-09-14T19:40:14Z. Source file · JSON