Iowa Code § 537.2307
Current through bills signed by governor as of 5/17/2024
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.
Iowa Code § 537.2307
Referred to in §535.10, 537.5201
Section amended