Legal Status
Legal
Citation
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)