Iowa § 537.3618 Default

Iowa Statutes

§ 537.3618 — Default

Iowa § 537.3618

Title XIIICOMMERCE

Ch. 537CONSUMER CREDIT CODE

This text of Iowa § 537.3618 (Default) 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 § 537.3618 (2026).

Text

An agreement of the parties to a consumer rental purchase agreement with respect to default on the part of the lessee is enforceable only to the extent that one of the following apply:

1.The lessee both fails to renew an agreement and also fails to return the rented property or make arrangements for its return as provided by the agreement.

2.The prospect of payment, performance, or return of the property is materially impaired due to a breach of the consumer rental purchase agreement; the burden of establishing the prospect of material impairment is on the lessor.

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An agreement of the parties to a consumer rental purchase agreement with respect to
default on the part of the lessee is enforceable only to the extent that one of the following
apply:
1. The lessee both fails to renew an agreement and also fails to return the rented property
or make arrangements for its return as provided by the agreement.
2. The prospect of payment, performance, or return of the property is materially impaired
due to a breach of the consumer rental purchase agreement; the burden of establishing the
prospect of material impairment is on the lessor.