Iowa Code 537.1108 – Effect on organizations
Current as of: 2024 | Check for updates
|
Other versions
537.1108 Effect on organizations.
1. This chapter prescribes maximum charges for certain creditors, except lessors and
those excluded in § 537.1202, extending credit in consumer credit transactions.
2. This chapter does not displace limitations on powers of credit unions, savings associations, or other thrift institutions whether organized for the profit of shareholders or as mutual organizations.
3. This chapter does not displace:
a. Limitations on powers of supervised financial organizations with respect to the amount of a loan to a single borrower, the ratio of a loan to the value of collateral, the duration of a loan secured by an interest in land, or other similar restrictions designed to protect deposits. b. Limitations on powers an organization is authorized to exercise under the laws of this
state or the United States.
[C75, 77, 79, 81, §537.1108]
2012 Acts, ch 1017, §141
1. This chapter prescribes maximum charges for certain creditors, except lessors and
those excluded in § 537.1202, extending credit in consumer credit transactions.
2. This chapter does not displace limitations on powers of credit unions, savings associations, or other thrift institutions whether organized for the profit of shareholders or as mutual organizations.
3. This chapter does not displace:
a. Limitations on powers of supervised financial organizations with respect to the amount of a loan to a single borrower, the ratio of a loan to the value of collateral, the duration of a loan secured by an interest in land, or other similar restrictions designed to protect deposits. b. Limitations on powers an organization is authorized to exercise under the laws of this
state or the United States.
[C75, 77, 79, 81, §537.1108]
2012 Acts, ch 1017, §141