Skip to main content
Iowa Attorney General
Main Content

Iowa Consumer Credit Code (ICCC) Informal Advisory Opinions - 1985 Archive

February 18, 1985

Such service contracts are not part of the finance charge, as long as they are not imposed as a condition to extension of a line of credit.  In order for the service contract to be considered an “additional” charge, the Administrator would have to make a specific ruling authorizing such charges.

Read More

February 12, 1985

A national bank may offer credit insurance as a permissible “additional” charge, without being considered a part of the finance charge.  To do so, the bank must make it clear that the purchase of such insurance is optional and if insurance is desired, it is not required to be bought from the bank.

Read More

February 8, 1985

Informal Advisory Opinion #20

Read More
© 2021 State of Iowa Office of the Attorney General. All rights reserved.