Iowa Cash Advance Law and Legislation

Iowa Cash Advance Law and Legislation

Payday financing is appropriate in Iowa.

Iowa possesses $500 restriction on pay day loans available in their state. The utmost loan term is 31 times. The finance costs must not surpass $15 for the loan up to $100 plus no more than $10 on subsequent $100. Genuine APR is 337%*. Roll-overs aren’t permitted.

Payday lending in Iowa has received pretty lenient regards to procedure. Continue reading “Iowa Cash Advance Law and Legislation”