Iowa Code 536C.6 – Applicability of Iowa consumer credit code
Current as of: 2023 | Check for updates
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1. The terms and conditions of a credit card agreement shall conform to the provisions of chapter 537, the Iowa consumer credit code.
Terms Used In Iowa Code 536C.6
- Agreement: means agreement as defined in section 537. See Iowa Code 536C.2
- Credit card: means a card or device issued by a financial institution under an arrangement pursuant to which a card issuer gives a cardholder the privilege of purchasing or leasing property, or purchasing services, obtaining loans, or otherwise obtaining credit from at least one hundred persons not related to the card issuer. See Iowa Code 536C.2
- Person: means any individual, firm, corporation, partnership, joint venture, or association, and any other organization or group, however organized. See Iowa Code 536C.2
2. A provision of the Iowa consumer credit code, chapter 537, applicable to credit cards regulated by this chapter supersedes a conflicting provision of this chapter.
3. A person who is in full compliance with the provisions of this chapter is considered a supervised financial organization under the Iowa consumer credit code, chapter 537, for purposes of contracting for finance charges authorized for credit card issuers under section 537.2402.