Bills › 91st General Assembly
Relating to interest rates and charges on regulated loans, and consumer credit transaction service charges
Sponsored by the House Commerce Committee
Topics:Business & economy
Where it is now
- Done: IntroducedJanuary 13, 2026
- Done: SubcommitteeJanuary 13, 2026
- Done: House committeeFebruary 4, 2026
- Done: Passes the HouseMarch 12, 202662–29
- Done: Senate committeeMarch 19, 2026
- Done: Passes the SenateApril 7, 202634–11
- Done: To the GovernorMay 2, 2026
- Done: Signed into lawMay 2, 2026
Signed into law What’s a funnel?
What’s in it
This bill relates to interest rates and charges on regulated loans, and consumer credit transaction service charges. The bill eliminates provisions under current law relating to the superintendent of banking’s investigations of the conditions of regulated loans, and authority to redetermine and refix the maximum rate of interest or charges on regulated loans. The bill eliminates provisions under current law establishing the rate of interest or charges upon the class or classes of regulated loans, and instead sets the rate of interest or charges for all regulated loans at percent per month.
Read the full explanation
Under current law, for a consumer credit transaction, in addition to finance charges, a creditor may contract for and receive a service charge in an amount not to exceed the lesser of percent of the amount financed or $30. Under the bill, such service charge shall not exceed the lesser of percent of the amount financed or $100.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Changed since by amendment H-8196; see Amendments. Full bill text · What changed before it passed
House subcommittee
Named January 13, 2026 (as HSB 524). On January 14, 2026 it recommended passage.
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Iowa Code it changes
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
3 for · 1 against · 9 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
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91st General Assembly
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