537.3306  Authorization to confess judgment prohibited.

Unless executed after default on a claim arising out of a consumer credit transaction, authorization for a judgment by confession on that claim pursuant to chapter 676 is void. Any other authorization by a consumer for any person to confess judgment on the claim, whenever executed, is void.

Section History: Early form

  [C24, 27, 31, § 9426; C35, § 9438-f12; C39, § 9438.12; C46, 50, 54, 58, 62, 66, 71, 73, § 536.12; C75, 77, 79, 81, § 537.3306]

Internal References

  Referred to in § 322.33, 536.13, 536A.31, 537.5201


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