Iowa Code 537.3603 – Exclusions
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Terms Used In Iowa Code 537.3603
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
537.3603 Exclusions.
This part does not apply to, and an agreement which complies with this part is not governed by, the provisions regarding:
1. A consumer credit sale as defined in § 537.1301, subsection 13.
2. A consumer lease as defined in § 537.1301, subsection 14.
3. A consumer loan as defined in § 537.1301, subsection 15.
4. A lease or agreement which constitutes a “”credit sale”” as defined in 12 C.F.R.
§226.2(a16), and the Truth in Lending Act, 15 U.S.C. §1602(g), or an agreement which constitutes a “”sale of goods”” under § 537.1301, subsection 39.
5. A lease which constitutes a consumer lease as defined in 12 C.F.R. §213.2(a6).
6. A lease or agreement which constitutes a security interest as defined in section
554.1201, subsection 2.
87 Acts, ch 80, §3; 88 Acts, ch 1134, §97; 2007 Acts, ch 41, §41
This part does not apply to, and an agreement which complies with this part is not governed by, the provisions regarding:
1. A consumer credit sale as defined in § 537.1301, subsection 13.
2. A consumer lease as defined in § 537.1301, subsection 14.
3. A consumer loan as defined in § 537.1301, subsection 15.
4. A lease or agreement which constitutes a “”credit sale”” as defined in 12 C.F.R.
§226.2(a16), and the Truth in Lending Act, 15 U.S.C. §1602(g), or an agreement which constitutes a “”sale of goods”” under § 537.1301, subsection 39.
5. A lease which constitutes a consumer lease as defined in 12 C.F.R. §213.2(a6).
6. A lease or agreement which constitutes a security interest as defined in section
554.1201, subsection 2.
87 Acts, ch 80, §3; 88 Acts, ch 1134, §97; 2007 Acts, ch 41, §41