HSB 524: Relating to interest rates and charges on regulated loans, and consumer credit transaction service charges

What it does

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.

House subcommittee · named January 13, 2026

• Rep. Brett Barker (R) · brett.barker@legis.iowa.gov
• Rep. Jacob Bossman (R) · jacob.bossman@legis.iowa.gov
• Rep. Adam Zabner (D) · adam.zabner@legis.iowa.gov

Lobbying · 3 for, 1 against

For: Americans For Prosperity; One Main Holdings, Inc.; Town Financial

Against: AARP Iowa

In plain words

1. January 13, 2026Filed in the House and sent to the Commerce committee
2. January 13, 2026House subcommittee named: Barker, Bossman and Zabner
3. January 14, 2026Subcommittee recommended passing it
4. February 4, 2026Approved by the House committee
5. February 4, 2026Committee vote: 18–5
6. February 6, 2026Approved by the House committee, and given a new number: HF 2329