Text: HF00459 Text: HF00461 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 537.1301, subsection 12, paragraph a, 1 2 subparagraph (5), Code 2003, is amended to read as follows: 1 3 (5) With respect to a sale of goods or services, the 1 4 amount financed does not exceedtwenty-fivefifty thousand 1 5 dollars. 1 6 Sec. 2. Section 537.1301, subsection 13, paragraph a, 1 7 subparagraph (4), Code 2003, is amended to read as follows: 1 8 (4) The amount payable under the lease does not exceed 1 9twenty-fivefifty thousand dollars. 1 10 Sec. 3. Section 537.1301, subsection 14, paragraph a, 1 11 subparagraph (5), Code 2003, is amended to read as follows: 1 12 (5) The amount financed does not exceedtwenty-fivefifty 1 13 thousand dollars. 1 14 EXPLANATION 1 15 This bill modifies certain definitions within the Iowa 1 16 consumer credit code, Code chapter 537. The current $25,000 1 17 transaction limitation for consumer credit sales, consumer 1 18 leases, and consumer loans is raised to $50,000 by the bill. 1 19 LSB 2729YH 80 1 20 jj/sh/8
Text: HF00459 Text: HF00461 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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