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Terms Used In Iowa Code 537.5202

  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
537.5202 Damages or penalties as setoff to obligation.
Damages or penalties to which a consumer is entitled pursuant to this part may be setoff
against the consumer’s obligation, and may be raised as a defense to a suit on the obligation without regard to the time limitations prescribed by this part.
[C75, 77, 79, 81, §537.5202]