Iowa § 537.2403 Finance charge for consumer loans secured by a motor vehicle

Iowa Statutes

§ 537.2403 — Finance charge for consumer loans secured by a motor vehicle

Iowa § 537.2403

Title XIIICOMMERCE

Ch. 537CONSUMER CREDIT CODE

This text of Iowa § 537.2403 (Finance charge for consumer loans secured by a motor vehicle) 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 § 537.2403 (2026).

Text

1.Alendershallnotcontractfororreceiveafinancechargeexceedingtwenty-onepercent per year on the unpaid balance of the amount financed for a loan of money secured by a certificate of title to a motor vehicle used for personal, family, or household purpose except as authorizedunderchapter536or536A. Aconsumerwhoischargedafinancechargeinexcess of the limitation in this section may seek any remedies available pursuant to this chapter for an excess charge.

2.It shall be a violation of this section and an unlawful practice under section 714.16 to attempt to avoid application of this section by structuring a loan of money secured by a certificate of title to a motor vehicle as a sale, sale and repurchase, sale and lease, pawn, rental purchase, lease, or other type of transaction with the intent to

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1. Alendershallnotcontractfororreceiveafinancechargeexceedingtwenty-onepercent
per year on the unpaid balance of the amount financed for a loan of money secured by a
certificate of title to a motor vehicle used for personal, family, or household purpose except as
authorizedunderchapter536or536A. Aconsumerwhoischargedafinancechargeinexcess
of the limitation in this section may seek any remedies available pursuant to this chapter for
an excess charge.
2. It shall be a violation of this section and an unlawful practice under section 714.16
to attempt to avoid application of this section by structuring a loan of money secured by a
certificate of title to a motor vehicle as a sale, sale and repurchase, sale and lease, pawn,
rental purchase, lease, or other type of transaction with the intent to avoid application of this
section or any other applicable provision of this chapter.