Iowa Statutes
§ 555A.5 — Effect on indebtedness
Iowa § 555A.5
This text of Iowa § 555A.5 (Effect on indebtedness) 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 § 555A.5 (2026).
Text
Rescission of any contract pursuant to this chapter or the failure to provide a copy of the
contract to the buyer as required by this chapter shall void any contract, note, instrument,
or other evidence of indebtedness executed or entered into in connection with the contract
and shall constitute a complete defense in any action based on the contract, note, instrument
or other evidence of indebtedness brought by the seller, the seller’s successors or assigns
unless a successor or assignee of the seller after the seventh business day following the day
the contract was signed has detrimentally relied upon a representation of the buyer that the
contract has not been rescinded. This section shall not affect the rights of holders in due
course of checks made by the buyer.
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Legislative History
[C75, 77, §713B.5; C79, 81, §82.5]
Nearby Sections
6
§ 555A.1
Definitions§ 555A.2
Contract§ 555A.3
Cancellation§ 555A.4
Duties of seller§ 555A.5
Effect on indebtedness§ 555A.6
PenaltiesCite This Page — Counsel Stack
Bluebook (online)
Iowa § 555A.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/555A.5.