Iowa Code 537.3611 – Prohibited charges
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 537.3611
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- property: includes personal and real property. See Iowa Code 4.1
537.3611 Prohibited charges.
A lessor shall not make a charge for any of the following:
1. Any insurance whether in connection with the transaction or otherwise, except that a charge may be made for property insurance on the leased property if the charge is clearly disclosed as optional and all other requirements of § 537.2501, subsection 2, paragraph “”a””, are met.
2. A penalty for early termination of a consumer rental purchase agreement or for the return of an item at any point, except for those charges authorized by sections 537.3612 and
537.3613.
3. Payment by a cosigner of the consumer rental purchase agreement of any fees or charges which could not be imposed upon the lessee as part of the consumer rental purchase agreement.
87 Acts, ch 80, §11
A lessor shall not make a charge for any of the following:
1. Any insurance whether in connection with the transaction or otherwise, except that a charge may be made for property insurance on the leased property if the charge is clearly disclosed as optional and all other requirements of § 537.2501, subsection 2, paragraph “”a””, are met.
2. A penalty for early termination of a consumer rental purchase agreement or for the return of an item at any point, except for those charges authorized by sections 537.3612 and
537.3613.
3. Payment by a cosigner of the consumer rental purchase agreement of any fees or charges which could not be imposed upon the lessee as part of the consumer rental purchase agreement.
87 Acts, ch 80, §11