Iowa Attorney General

Iowa Consumer Credit Code (ICCC) Informal Advisory Opinions

The following opinions are informal Iowa Consumer Credit Code (ICCC) advisory opinions prepared by the staff of the Attorney General of Iowa.  They are neither an opinion of the Attorney General, nor a formal ruling by the ICCC administrator.

July 1, 2014

1. What do the notification fees go towards? The purpose of assessing these fees is to ensure that all creditors and assignees contribute to the cost of enforcing the ICCC, and the law stipulates that all fee money collected be put to that use. 2. How do I update my...
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July 1, 2014

1. What do the notification fees go towards? The purpose of assessing these fees is to ensure that all creditors and assignees contribute to the cost of enforcing the ICCC, and the law stipulates that all fee money collected be put to that use. 2. How do I update my...
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August 21, 2009

Informal Advisory Opinion #101

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February 18, 1999

Informal Advisory # 87
Deferred Deposit Loans, Chap. 533D
Debt Collection -- Threats of Criminal Prosecution

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September 23, 1986

Because the Legislature did not also amend the ICCC when it enacted the surcharge legislation in 1984, the charge would not be permissible unless there was a rule of the ICCC administrator. There presently is no such rule.

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September 23, 1986

RE: [REDACTED] File Dear [REDACTED], Sometime ago, you inquired of the Iowa Department of Banking on behalf of your client [REDACTED] whether your client needed to be licensed to offer its emergency loan program to Iowans. Your inquiry was referred to this office as we are the administrator of the...
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September 23, 1986

 Iowa Consumer Credit Code restricts the additional charges which may be made by a creditor in connection with a consumer credit transaction. The ICCC restricts the additional charges to those specifically referred to in Iowa Code §537.2501(1)

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September 23, 1986

It is the advice of the Administrator that the ICCC, Iowa Code ch. 537 (1985), requires an "out-of-state" or non-Iowa state chartered bank to be licensed by a "licensing authority" as defined in Iowa Code § 537.2301(1) (1985) before the bank may make supervised loans to Iowans.

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March 27, 1986

A notice to a co-signor is in compliance with the ICCC if the language of the notice follows the form required by the FTC, the Federal Reserve Board, or the Federal Home Loan Bank Board.

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March 24, 1986

The default provisions of the ICCC does not apply to a disputed line of credit transactions until the creditor has made a final demand for payment of the disputed amounts.

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Contact

Office of the Attorney General of Iowa
1305 E. Walnut Street
Des Moines IA 50319

Phone: 515-281-5926

consumer@iowa.gov

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