Compliance Alerts

Compliance Alert

Iowa - 6/28/2017

The following information is presented by the Carleton Research Department. In order to keep our customers abreast of what is happening in the consumer credit and credit insurance industries, the following law changes have been compiled for your review.  Please check to see if any of the listed changes will impact your operations.

*This alert is intended to convey general information only and not to provide legal advice or opinions.

State Law Changes


The Iowa Superintendent of Banks has revised the maximum rate dollar brackets and ceilings for Regulated Loans. This is the first adjustment of the dollar brackets since 1985. The revisions are effective July 1, 2017.

The new Regulated Loan maximum rate structure will be:

  • 36% per on the unpaid balance up to $3,000 plus,
  • 24% of the excess up to $8,400 plus,
  • 18% of the remainder up to $10,000

The new Ch. 15 was filed as ARC 3078C and adopted on 5/24/17.