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Bills › 91st General Assembly

SSB 3065Renumbered as SF 2216 · February 4, 2026

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

Topics:Business & economy

Same legislation: HSB 524, SF 2216, HF 2329

Write your legislators about it

Also covers HSB 524 and SF 2216 and HF 2329.

What changed before it passed
Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedJanuary 22, 2026
  2. Done: SubcommitteeJanuary 22, 2026
  3. Done: Senate committeeFebruary 4, 2026
  4. Done: Passes the SenateApril 7, 202634–11
  5. Skipped: House committeeSkipped
  6. Done: Passes the HouseMarch 12, 202662–29
  7. Done: To the GovernorMay 2, 2026
  8. Done: Signed into lawMay 2, 2026

Became SF 2216 → Its progress continues under the new number. Go to SF 2216 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

Senate subcommittee

Named January 22, 2026. On January 29, 2026 it recommended amendment and passage.

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Iowa Code it changes

Amends§536.13§537.2501

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.

Study bill

HSB 524RenumberedSSB 3065Renumbered

91st General Assembly

SF 2216Didn’t advancefrom SSB 3065HF 2329Became lawfrom HSB 524

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.