§ 537.1101 Short title
§ 537.1102 Purposes — rules of construction
§ 537.1103 Law applicable
§ 537.1104 Construction
§ 537.1107 Waiver — agreement — settlement
§ 537.1108 Effect on organizations
§ 537.1110 Obligation of good faith
§ 537.1201 Territorial application
§ 537.1202 Exclusions
§ 537.1203 Jurisdiction — service of process
§ 537.1301 General definitions
§ 537.1302 Definition — Truth in Lending Act
§ 537.1303 Other defined terms
§ 537.2101 Short title
§ 537.2102 Scope
§ 537.2201 Finance charge for consumer credit sales not pursuant to open-end credit
§ 537.2202 Finance charge for consumer credit sales pursuant to open-end credit
§ 537.2301 Authority to make supervised loans
§ 537.2303 Revocation or suspension of license
§ 537.2304 Records — annual reports
§ 537.2305 Examinations and investigations
§ 537.2307 Restrictions on interest in land as security
§ 537.2308 Regular schedule of payments — maximum loan term
§ 537.2309 No other business for purpose of evasion
§ 537.2310 Conduct of business other than making loans
§ 537.2401 Finance charge for consumer loans not pursuant to open-end credit
§ 537.2402 Finance charge for consumer loans pursuant to open-end credit
§ 537.2403 Finance charge for consumer loans secured by a motor vehicle
§ 537.2501 Additional charges
§ 537.2502 Delinquency charges
§ 537.2503 Deferral charges
§ 537.2504 Finance charge on refinancing
§ 537.2505 Finance charge on consolidation
§ 537.2506 Advances to perform covenants of consumer
§ 537.2507 Attorney fees
§ 537.2508 Conversion to open-end credit
§ 537.2509 Right to prepay
§ 537.2510 Rebate or refund upon prepayment
§ 537.2601 Charges for other credit transactions
§ 537.3101 Short title
§ 537.3102 Scope
§ 537.3201 Compliance with Truth in Lending Act
§ 537.3202 Consumer leases
§ 537.3203 Notice to consumer
§ 537.3204 Notice of assignment
§ 537.3205 Change in terms of open-end credit accounts
§ 537.3206 Receipt — statements of account — evidence of payment — credits
§ 537.3207 Form of insurance premium loan agreement
§ 537.3208 Notice to cosigners and similar parties
§ 537.3209 Advertising
§ 537.3210 Prohibited statements relating to rates
§ 537.3211 Notice of consumer paper
§ 537.3212 Notice of methods of financing and rates
§ 537.3301 Security in consumer credit transactions
§ 537.3302 Cross-collateral
§ 537.3303 Debt secured by cross-collateral
§ 537.3304 Use of multiple agreements
§ 537.3305 No assignment of earnings
§ 537.3306 Authorization to confess judgment prohibited
§ 537.3307 Certain negotiable instruments prohibited
§ 537.3308 Balloon payments
§ 537.3309 Referral sales and leases
§ 537.3310 Limitations on executory transactions
§ 537.3311 Discrimination prohibited
§ 537.3401 Restriction on liability in consumer lease
§ 537.3402 Limitation on default charges
§ 537.3403 Card issuer subject to claims and defenses
§ 537.3404 Assignee subject to claims and defenses
§ 537.3405 Lender subject to defenses arising from sales and leases
§ 537.3501 Door-to-door sales
§ 537.3601 Short title
§ 537.3602 Purposes — rules of construction
§ 537.3603 Exclusions
§ 537.3604 General definitions
§ 537.3605 Disclosures
§ 537.3606 Form requirements
§ 537.3607 Receipts
§ 537.3608 Acquiring ownership
§ 537.3609 Renegotiation
§ 537.3610 Balloon payments prohibited
§ 537.3611 Prohibited charges
§ 537.3612 Additional charges
§ 537.3613 Reinstatement fees
§ 537.3614 Taxes and official fees
§ 537.3615 Advertising
§ 537.3616 Lessee’s reinstatement rights
§ 537.3617 Unconscionability
§ 537.3618 Default
§ 537.3619 Cure of default
§ 537.3620 Willful and intentional violations
§ 537.3621 Damages
§ 537.3622 Effect of correction
§ 537.3623 Statute of limitations
§ 537.3624 Enforcement
§ 537.4101 Scope — excess charges
§ 537.5101 Short title
§ 537.5102 Scope
§ 537.5103 Creditor’s obligations on repossession — restriction on deficiency judgments
§ 537.5104 No garnishment before judgment
§ 537.5105 Limitation on garnishment
§ 537.5106 Garnishment
§ 537.5107 Extortionate or unlawful extensions of credit
§ 537.5108 Unconscionability — inducement by unconscionable conduct — unconscionable debt collection
§ 537.5109 Default
§ 537.5110 Cure of default
§ 537.5111 Notice of right to cure
§ 537.5113 Venue
§ 537.5114 Complaint — proof
§ 537.5201 Effect of violations on rights of parties
§ 537.5202 Damages or penalties as setoff to obligation
§ 537.5203 Civil liability for violation of disclosure provisions
§ 537.5301 Willful violations
§ 537.5302 Disclosure violations
§ 537.6101 Short title
§ 537.6102 Applicability
§ 537.6103 Administrator
§ 537.6104 Powers of administrator — reliance on rules — duty to report
§ 537.6105 Administrative powers with respect to supervised financial organizations and supervised loan licensees
§ 537.6106 Investigatory powers
§ 537.6108 Administrative enforcement orders
§ 537.6109 Assurance of discontinuance
§ 537.6110 Injunctions and other proceedings in equity
§ 537.6111 Injunctions against unconscionable agreements and fraudulent or unconscionable conduct
§ 537.6112 Temporary relief
§ 537.6113 Civil actions by administrator
§ 537.6115 Consumer’s remedies not affected
§ 537.6116 Venue
§ 537.6117 Administrative rules
§ 537.6201 Applicability
§ 537.6202 Notification
§ 537.6203 Fees
§ 537.7101 Short title
§ 537.7102 Definitions
§ 537.7103 Prohibited practices
§ 537.8101 Provision of credit card number as condition of check cashing or acceptance prohibited

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Terms Used In Iowa Code > Chapter 537 - Consumer Credit Code

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Arrest: Taking physical custody of a person by lawful authority.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • clerk: means clerk of the court in which the action or proceeding is brought or is pending; and the words "clerk's office" mean the office of that clerk. See Iowa Code 4.1
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Credit bureau: An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. (Also commonly referred to as consumer-reporting agency or credit-reporting agency.) Source: OCC
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • 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
  • Forbearance: A means of handling a delinquent loan. A
  • Fraud: Intentional deception resulting in injury to another.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Minimum finance charge: The minimum, or fixed, finance charge that will be imposed during a billing cycle. A minimum finance charge usually applies only when a finance charge is imposed, that is, when you carry over a balance. Source: Federal Reserve
  • month: means a calendar month, and the word "year" and the abbreviation "A. See Iowa Code 4.1
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • Open-end credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or revolving credit.) Source: OCC
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
  • Personal property: All property that is not real property.
  • personal property: include money, goods, chattels, evidences of debt, and things in action. See Iowa Code 4.1
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • property: includes personal and real property. See Iowa Code 4.1
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Remand: When an appellate court sends a case back to a lower court for further proceedings.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Right of rescission: Right to cancel, within three business days, a contract that uses the home of a person as collateral, except in the case of a first mortgage loan. There is no fee to the borrower, who receives a full refund of all fees paid. The right of rescission is guaranteed by the Truth in Lending Act (TILA). Source: OCC
  • Rule: includes "regulation". See Iowa Code 4.1
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Signature: includes an electronic signature as defined in section 554D. See Iowa Code 4.1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trustee: A person or institution holding and administering property in trust.
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • undertaking: means a promise or security in any form. See Iowa Code 4.1
  • United States: includes all the states. See Iowa Code 4.1
  • Venue: The geographical location in which a case is tried.
  • week: means seven consecutive days. See Iowa Code 4.1
  • year: means twelve consecutive months. See Iowa Code 4.1