Iowa § 554.3112 Interest

Iowa Statutes

§ 554.3112 — Interest

Iowa § 554.3112

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.3112 (Interest) 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 § 554.3112 (2026).

Text

1.Unlessotherwiseprovidedintheinstrument,aninstrumentisnotpayablewithinterest, and interest on an interest-bearing instrument is payable from the date of the instrument.

2.Interestmaybestatedinaninstrumentasafixedorvariableamountofmoneyoritmay be expressed as a fixed or variable rate or rates. The amount or rate of interest may be stated or described in the instrument in any manner and may require reference to information not contained in the instrument. If an instrument provides for interest, but the amount of interest payable cannot be ascertained from the description, interest is payable at the judgment rate in effect at the place of payment of the instrument and at the time interest first accrues.

Free access — add to your briefcase to read the full text and ask questions with AI

1. Unlessotherwiseprovidedintheinstrument,aninstrumentisnotpayablewithinterest,
and interest on an interest-bearing instrument is payable from the date of the instrument.
2. Interestmaybestatedinaninstrumentasafixedorvariableamountofmoneyoritmay
be expressed as a fixed or variable rate or rates. The amount or rate of interest may be stated
or described in the instrument in any manner and may require reference to information not
contained in the instrument. If an instrument provides for interest, but the amount of interest
payable cannot be ascertained from the description, interest is payable at the judgment rate
in effect at the place of payment of the instrument and at the time interest first accrues.