Iowa Code § 589.22
Certain loans, contracts, and mortgages
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2022
As of January 1, 2012
All loans, contracts, and mortgages which are affected by the repeal of
, are hereby legalized so far as to permit recovery to be had thereon for interest at the rate of eight percent per annum, but at no greater rate, and nothing contained in such contracts shall be construed to be usurious so as to work a forfeiture of any penalty to the school fund.
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.