All Roll Calls
Yes: 124 • No: 103
IowaHF 232991st General Assembly (2025–2026)HouseWALLET
A bill for an act relating to interest rates and charges on regulated loans, and consumer credit transaction service charges. (Formerly HSB 524.) Effective date: 07/01/2026.
Sponsored By: COMMITTEE ON COMMERCE
Signed by Governor
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Higher rate cap for Iowa loan borrowers
Beginning July 1, 2026, Iowa lenders can charge up to 3% per month on loans regulated under chapter 536. This replaces tiered monthly caps of 3%, 2%, 1.5%, and 1% on different parts of the unpaid balance. Lenders may charge less than the maximum. Loans made under the amended lending authority must stay within the loan-size threshold defined in Iowa Code section 537.1301.
Higher or lower credit service fees
Beginning July 1, 2026, Iowa caps consumer credit service charges at the lesser of 3% of the amount financed or $100. The old cap was the lesser of 10% of the amount financed or $30. The maximum fee falls for smaller transactions but rises for transactions over $1,000. Creditors may charge less than the cap.
Sponsors & Cosponsors
Sponsor
COMMITTEE ON COMMERCE
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 4/7/2026
Passed Senate
Yes: 34 • No: 11
legislature vote • 3/12/2026
Motion to suspend rules for immediate consideration of amendment H-8199
Yes: 28 • No: 63
House vote • 3/12/2026
Passed House
Yes: 62 • No: 29
Actions Timeline
Signed by Governor.
5/2/2026HouseReported correctly enrolled, signed by Speaker and President, and sent to Governor.
5/2/2026HouseMessage from Senate.
4/7/2026HouseImmediate message.
4/7/2026SenatePassed Senate, yeas 34, nays 11.
4/7/2026SenateSubstituted for SF 2216.
4/7/2026SenatePlaced on calendar under unfinished business.
3/19/2026SenateRead first time, attached to SF 2216.
3/16/2026SenateMessage from House.
3/16/2026SenateImmediate message.
3/12/2026HousePassed House, yeas 62, nays 29.
3/12/2026HouseAmendment H-8196 adopted.
3/12/2026HouseMotion to suspend rules failed.
3/12/2026HouseMotion to suspend rules for immediate consideration of amendment H-8199, yeas 28, nays 63.
3/12/2026HousePoint of order raised on amendment H-8199, ruled not germane.
3/12/2026HouseAmendment H-8199 filed.
3/11/2026HouseAmendment H-8196 filed.
3/10/2026HouseIntroduced, placed on calendar.
2/6/2026House
Bill Text
As Introduced
Enrolled
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