537.2601 - CHARGES FOR OTHER CREDIT TRANSACTIONS.
537.2601 CHARGES FOR OTHER CREDIT TRANSACTIONS. 1. With respect to a credit transaction other than a consumer credit transaction, the parties may contract for the payment by the debtor of any finance or other charge as permitted by law. 2. With respect to a credit transaction which would be a consumer credit transaction if a finance charge were made, a charge for delinquency may not exceed amounts allowed for finance charges for consumer credit sales pursuant to open end credit.
Section History: Early Form [C75, 77, 79, 81, § 537.2601]
Section History: Recent Form 2003 Acts, 1st Ex, ch 1, §126, 133 [2003 Acts, 1st Ex, ch 1, §126, 133, amendment to subsection 1 rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193] 2004 Acts, 1st Ex, ch 1001, §22, 23 Referred to in § 537.5201