Iowa Code 537.2507 – Attorney fees
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537.2507 Attorney fees.
With respect to a consumer credit transaction, the agreement may not provide for the payment by the consumer of attorney fees. However, in a consumer credit transaction with an amount financed exceeding twenty-five thousand dollars secured by an interest in land, the agreement may provide for the payment by the consumer of reasonable attorney fees. A provision in violation of this section is unenforceable.
[C75, 77, 79, 81, §537.2507]
2014 Acts, ch 1037, §19
Referred to in §537.5201
With respect to a consumer credit transaction, the agreement may not provide for the payment by the consumer of attorney fees. However, in a consumer credit transaction with an amount financed exceeding twenty-five thousand dollars secured by an interest in land, the agreement may provide for the payment by the consumer of reasonable attorney fees. A provision in violation of this section is unenforceable.
[C75, 77, 79, 81, §537.2507]
2014 Acts, ch 1037, §19
Referred to in §537.5201