Iowa Payday loan laws. Iowa Payday loan legislation.

15% of the payday loan amount on the 1st $100; 10% on subsequent $100 increments.

Maximum term of 31 days. Maximum cash advance amount allowable is $500. Rollovers are prohibited.

For a thorough discussion of the payday loan industry and access to our payday loan training materials, we recommend you proceed to Payday and Paycheck Loans.com

Iowa Payday Loan Laws & Legislation State Information Legal Status: Legal Citation: Iowa Code Ann. § 533D.1 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: Max: 31 days Maximum Finance Rate and Fees: $15: $0-$100; $10 per $100 thereafter Finance Charge for 14-day $100 loan: $16.67 APR for 14-day $100 loan: 433% Debt Limits: Maximum Number of Outstanding Loans at One Time: Two Rollovers Permitted: None (cannot repay, refinance or consolidate) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: One $15 NSF fee (exclusive remedy) Criminal Action: Not Specified Regulator: Iowa Division of Banking Address: 200 East Grand Avenue, Suite 300 Des Moines IA 50309 Phone: (515) 281-4014 Fax: (515) 281-4862 Regulatory Contact: Rodney Reed,, Finance Bureau Chief Regulator Website Licensee Database