Iowa Cash Advance Laws & Regulations
Before you borrow your next Iowa payday loan, make sure you take a few important steps first, such as learning the laws that govern Iowa payday loans. Continue visiting CashAdvance.com's Iowa consumer guide for the most informative and up-to-date information on Iowa state laws and regulations for cash advances.
Here are some specific Iowa regulations, to protect consumers from predatory lending in the payday loan industry:
- Maximum Payday Loan Term
31 days - Maximum Finance Charges and Fees
Sliding scale interest of 15% for up to $100, then an additional $10 for every $100 borrowed after the inital $100; finance charges up to $16.67 for a $100 on a 14 day loan - Maximum Loan Amount
$500 - Number of Rollovers
None - Outstanding Loans Allowed at Once
Two - Cool-Off Period
N/A
- Payment Plan
N/A - Collection Fees
$15 NSF fee - Presentment Limit
One - Private Right of Action
Civil and criminal charges for fraudulent checks - Military Protection
N/A - Penalties
Arbitration, attorney fees, and all loan costs including late fees
References:
Iowa Code Ann. ยง 533D.1 et seq.
Iowa Division of Banking
Mail: 200 East Grand Avenue, Suite 300
Des Moines IA 50309
Phone : (515) 281-4014
Fax: (515) 281-4862
Web: IDOB
Information by City
More Information about Iowa
Latest News
Attorneys General Quarrel Over Improper Foreclosure Settlement
Squabbling among state attorneys general has created delays in a settlement between states and mortgage lenders over improper foreclosures.
Cedar Rapids Ranked One of the Best Cities for Jobs
Current economic growth figures give Cedar Rapids a more positive forecast than the remainder of the nation, at 14.2 percent over the next three years, greater than any other metro area in the country.
© 2012 CashAdvance.com All Rights Reserved.
CashAdvance.com is Hawk, LLC, which is a limited liability company chartered pursuant to the laws of the Ute Indian Tribe and is wholly owned by enrolled members of the Ute Indian Tribe. By your use of this website you consent to the laws and jurisdiction of the Ute Indian Tribe as it relates directly or indirectly to your use of this website.
Consumer Notice: A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower's expenses until the following payday. Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult our State Consumer Resource pages to learn more about the risks involved with cash advances, local laws and regulations that may be applicable to cash advances, possible loan alternatives and recent developments in their state.
Legal Disclaimer: This website does not constitute an offer or solicitation to lend. CashAdvance.com is not a lender, does not broker loans, and does not make loan or credit decisions. The operator of this Web Site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. CashAdvance.com provides a service only and is not acting as a representative, agent, or correspondent for any service provider or lender. CashAdvance.com's aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. CashAdvance.com does not endorse any particular service provider, lender, nor loan product. You are under no obligation to use CashAdvance.com's service to initiate contact, nor apply for credit or any loan product with any service provider or lender. Service providers or lenders will typically not perform credit checks with the three major credit reporting bureaus: Experian, Equifax, or Trans Union. However, credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, which typically will not affect your credit score, may be obtained by some service providers or lenders, in certain circumstances. You will not be charged any fees to use CashAdvance.com's service. Learn more on our Rates & Fees section.
Availability: Residents of some states may not be eligible for a short term cash loan based upon lender requirements. CashAdvance.com does not guarantee that completing an inquiry form will result in you being matched with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.