Payday Loan in Iowa. Current State Laws.

State: Iowa
Statutory Citation: 533D.1 et seq.
Maximum Loan Amount: A licensee shall not hold from any one maker a check or checks in an aggregate face amount of more than $500 at any one time.
Finance Charges: A licensee shall not charge a fee in excess of $15 on the first $100 on the face amount of a check or more than $10 on subsequent $100 increments on the face amount of the check for services provided by the licensee, or pro rata for any portion of $100 face value.