Iowa § 537.2307 Restrictions on interest in land as security

Iowa Statutes

§ 537.2307 — Restrictions on interest in land as security

Iowa § 537.2307

Title XIIICOMMERCE

Ch. 537CONSUMER CREDIT CODE

This text of Iowa § 537.2307 (Restrictions on interest in land as security) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 537.2307 (2026).

Text

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.

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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.