Legal Status



I. C. A. 553D et seq.

Debt Limits

Maximum Number of Outstanding Loans at One Time: Two. A licensee shall not do any of the following: Hold from any one maker more than two checks at any one time, hold from any one maker a check or checks in an aggregate face amount of more than five hundred dollars at any one time. Iowa Code § 533D.10(1)(a),(b).

Rollovers Permitted: None. NEED CITE

Cooling-off Period: None Specified

Repayment Plan: None Specified

Collection Limits

Collection Fees: $15.00 Iowa Code §533D.9(2)(d)