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91st General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 878: Relating to annual percentage rates for delayed deposit service transactions

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 relates to annual percentage rates for delayed deposit service transactions. Under the bill, a person licensed under Code chapter 533D (licensee) shall not impose an annual percentage rate greater than percent in connection with a delayed deposit service transaction. A delayed deposit service transaction made in violation of the bill shall be void, and the licensee shall not collect, receive, or retain any principal, interest, fees, or other charges in connection with the delayed deposit service transaction. For an individual on active military duty, or their spouse or dependent, a licensee shall not impose an annual percentage rate greater than allowable under U.S.C. §987 in connection with a delayed deposit service transaction.

Sponsors

Rep. Carter F. Nordman (R)

Cost

No fiscal note

Lobbying · 3 for, 2 against

For: Iowa Catholic Conference; Iowa Citizens for Community Improvement Action Fund; The Family Leader Foundation

Against: Community Choice Financial; MM Finance

In plain words

  1. March 7, 2025Filed in the House
  2. April 3, 2025Sent to the House 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/HF878