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Code · Iowa · Chapter 537 — Consumer Credit Code

537.3401 Restriction on liability in consumer lease.

48 words·~1 min read·/ia/chapter-537-consumer-credit-code/537-3401

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The obligation of a lessee upon expiration of a consumer lease may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.
[C75, 77, 79, 81, §537.3401]
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