88th General Assembly · Iowa Funnel one-pager · Wednesday, November 11, 2026
HSB 243: HSB 243
Died when the session ended · The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.
What it does
This bill creates new Code chapter 536B to require licensure of persons who wish to provide small dollar installment loans to residents of the state. The bill defines “small dollar installment loan” to mean a loan that is incurred for a personal, family, or household purpose, is not less than $500 and not more than $1,000, is unsecured, is held for a specified period, is payable in biweekly, semimonthly, or monthly payment installments, is subject to prepayment in whole or in part at any time without penalty, and is for a term length of a minimum of six months and a maximum of months.
Sponsors
Not listed
Cost
No fiscal note
House subcommittee · named January 22, 2020
- Rep. David E. Maxwell (R)
- Rep. Chris Hagenow (R)
- Rep. Mary Lynn Wolfe (D)
Lobbying · 2 for, 5 against
For: Check Into Cash c/o MultiState Associates Inc; Iowa Association for Financial Choice
Against: Iowa Attorney General Dept. of Justice; Iowa Catholic Conference; Iowa Conference of United Methodist Church; The Family Leader; The Family Leader Foundation
In plain words
- March 5, 2019House subcommittee named: Maxwell, Windschitl and Wolfe
- January 22, 2020House subcommittee named: Maxwell, Hagenow and Wolfe
From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Wednesday, November 11, 2026. https://iowafunnel.com/bills/88/HSB243