In addition to the requirements of the Iowa consumer credit code, chapter 537, respecting consumer loans, and notwithstanding the provisions of any note or contract to the contrary, a borrower may, at any time, prepay all or any part of the unpaid balance to become payable under any note or installment contract.
Iowa Code § 536A.26
Prepayment
Known as the Iowa Industrial Loan Law
The act spans §§ 536–536 (33 sections).
[C66, 71, 73, 75, 77, 79, 81, §536A.26] 2003 Acts, ch 44, §114
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.