537.2601 Charges for other credit transactions.
1. With respect to a credit transaction other than a consumer credit transaction, the parties may contract for the payment by the debtor of any finance or other charge as permitted by law.
2. With respect to a credit transaction which would be a consumer credit transaction if a finance charge were made, a charge for delinquency may not exceed amounts allowed for finance charges for consumer credit sales pursuant to open-end credit.
[C75, 77, 79, 81, §537.2601]
2003 Acts, 1st Ex, ch 1, §126, 133
[2003 Acts, 1st Ex, ch 1, §126, 133, amendment to subsection 1 rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193]
2004 Acts, 1st Ex, ch 1001, §22, 23; 2018 Acts, ch 1041, §127
Referred to in §537.5201
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