Iowa § 537.6203 Fees

Iowa Statutes

§ 537.6203 — Fees

Iowa § 537.6203

Title XIIICOMMERCE

Ch. 537CONSUMER CREDIT CODE

This text of Iowa § 537.6203 (Fees) 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 § 537.6203 (2026).

Text

1.A person required to file notification shall pay to the administrator an annual fee of fifty dollars. The fee shall be paid with the filing of the first notification and on or before January 31 of each succeeding year.

2.A person required to file notification who is a seller, lessor, or lender and who is not an assignee shall pay an additional fee at the time and in the manner stated in subsection 1 of ten dollars for each one hundred thousand dollars, or part thereof exceeding ten thousand dollars, oftheaverageunpaidbalances, includingunpaidscheduledperiodicpaymentsunder consumer leases, of obligations arising from consumer credit transactions entered into or modifiedbythepersoninthisstateandheldonthelastdayofeachcalendarmonthduringthe preceding calendar year and held either by the se

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1. A person required to file notification shall pay to the administrator an annual fee of fifty
dollars. The fee shall be paid with the filing of the first notification and on or before January
31 of each succeeding year.
2. A person required to file notification who is a seller, lessor, or lender and who is not an
assignee shall pay an additional fee at the time and in the manner stated in subsection 1 of
ten dollars for each one hundred thousand dollars, or part thereof exceeding ten thousand
dollars, oftheaverageunpaidbalances, includingunpaidscheduledperiodicpaymentsunder
consumer leases, of obligations arising from consumer credit transactions entered into or
modifiedbythepersoninthisstateandheldonthelastdayofeachcalendarmonthduringthe
preceding calendar year and held either by the seller, lessor, or lender, or by an immediate or
remote assignee who has not filed notification. The unpaid balances of assigned obligations
held by an assignee who has not filed notifications are presumed to be the unpaid balances
of the assigned obligations at the time of their assignment by the seller, lessor, or lender.
3. A person required to file notification who is an assignee shall pay an additional fee
at the time and in the manner stated in subsection 1 of ten dollars for each one hundred
thousand dollars, or part thereof exceeding ten thousand dollars, of the average unpaid
balances including unpaid scheduled periodic payments payable by lessees, of obligations
arising from consumer credit transactions entered into or modified in this state, taken by
the person by assignment and held by the person on the last day of each calendar month
during the preceding calendar year.
4. In addition to the penalties provided by section 537.6113, subsection 3, the
administrator may collect a charge, established by rule, not exceeding seventy-five dollars
from each person required to pay fees under this section who fails to pay the fees in full
within thirty days after they are due.
5. Moneys collected under this section shall be deposited in a consumer credit
administration fund in the state treasury and shall be used for the administration of this
chapter. The moneys are subject to warrant upon certification of the administrator and are
appropriated for these purposes. Notwithstanding section 8.33, the moneys in the fund do
not revert at the end of a fiscal period.