Iowa Consumer Credit Code

This act regulates consumer credit and related consumer transactions, defining which agreements and parties fall within its scope, which are excluded, and how it operates alongside federal truth-in-lending and consumer credit law. It requires creditors to disclose contract terms to consumers, limits the charges that may be imposed — including late charges and fees for liability damage waivers — restricts advertising and collection practices, and bars consumers from waiving the protections it grants. It also prescribes procedures for default, notice and an opportunity to cure, reinstatement, renegotiation, record retention and the privacy of consumer financial information, and provides for enforcement through penalties for violations.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.