Iowa Code § 536.14
Rights of borrower — payments
Iowa · Iowa Code Chapter 536 — Regulated Loans · Status: effective
Cite this
- Citation
- Iowa Code § 536.14, Rights of borrower — payments, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2271200
- Permanent ID
ys:prov:2271200@1- SHA-256
769e5ad0ee1f3a3e6b1a0ee23f338099db388fb9549eab8d1f047b8a6a24ecad
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Every licensee, in addition to complying with requirements of the Iowa consumer credit code, chapter 537, respecting consumer loans, shall:
1. Permit payment to be made in advance in any amount on any contract of loan at any time, but the licensee may apply such payment first to all interest or charges up to the date of such payment.
2. Upon repayment of the loan in full, mark indelibly every obligation and security other than a mortgage signed by the borrower with the word “paid” or “canceled”, and release any security interest which no longer secures a loan to the licensee, restore any collateral, return any note and any assignment given to the licensee by the borrower.
3. Display prominently in each licensed place of business an accurate schedule, to be approved by the superintendent, of the charges currently to be made upon all loans.