{"data":{"id":"us-ia/iowa-code-537.2307","jurisdiction":"us-ia","citation":"Iowa Code § 537.2307","heading":"Restrictions on interest in land as security.","body":"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 shall not contract for a security interest in real property used as a residence for the consumer or the consumer’s dependents. A security interest taken in violation of this section is void.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 537 - CONSUMER CREDIT CODE","Article 2 - FINANCE CHARGES AND RELATED PROVISIONS","Part 3 - CONSUMER LOANS: SUPERVISED LOANS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/537.2307.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:14Z","sha256":"4a8876618081acbeadf1f46ac198aa35e0c07f96a21bd5cd490fd6ca63136864","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-537.2306","next":"us-ia/iowa-code-537.2308"},"notice":"GroundRules: Original legal text. Not legal advice."}