91st General Assembly · Funnel one-pager · Monday, November 9, 2026
HF 2039: Relating to delayed deposit services by limiting the annual percentage rate for fees and requiring a delayed deposit repayment option in certain circumstances, and making penalties applicable
Died when the session ended · The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died.
What it does
This bill modifies provisions applicable to delayed deposit services. The bill limits the annual percentage rate applicable to a delayed deposit services transaction to percent, as computed pursuant to the federal Truth in Lending Act. The bill allows a maker obtaining more than four delayed deposit service loans from one licensee in a two-month period to enter into an extended repayment plan agreement with the licensee if the maker requests to enter into such an agreement prior to the date upon which the last check accepted by the licensee is to be negotiable.
Sponsors
Rep. Larry McBurney (D)
Cost
No fiscal note
Lobbying · 1 for, 2 against
For: Iowa Catholic Conference
Against: Community Choice Financial; MM Finance
In plain words
- January 14, 2026Filed in the House and sent to the Commerce committee
From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/91/HF2039