# Iowa Code § 537.1102: Purposes — rules of construction

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1102

## Section

- **Citation:** Iowa Code § 537.1102
- **Heading:** Purposes — rules of construction
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 537 / Section 537.1102

## Text

(1) This chapter shall be liberally construed and applied to promote its underlying purposes and policies.

(2) The underlying purposes and policies of this chapter are to:

(2) (a) Simplify, clarify and modernize the law governing retail installment sales and other consumer credit.

(2) (b) Provide rate ceilings for certain creditors in order to assure an adequate supply of credit to consumers.

(2) (c) Further consumer understanding of the terms of credit transactions and foster competition among suppliers of consumer credit so that consumers may obtain credit at reasonable cost.

(2) (d) Protect consumers against unfair practices by some suppliers, solicitors or collectors of consumer credit, having due regard for the interests of legitimate and scrupulous creditors.

(2) (e) Permit and encourage the development of fair and economically sound consumer credit practices.

(2) (f) Conform the regulation of disclosure in consumer credit transactions to the Truth in Lending Act.

(2) (g) Make the law, including administrative rules, more uniform among the various jurisdictions.

(3) A reference to a requirement imposed by this chapter includes reference to a related rule of the administrator adopted pursuant to this chapter.

[C75, 77, 79, 81, §537.1102]

## Nearby sections

- [Iowa Code § 537.1101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1101.md)
- [Iowa Code § 537.1102 Purposes — rules of construction.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1102.md)
- [Iowa Code § 537.1103 Law applicable.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1103.md)
- [Iowa Code § 537.1104 Construction.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1104.md)
- [Iowa Code § 537.1107 Waiver — agreement — settlement.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1107.md)
- [Iowa Code § 537.1108 Effect on organizations.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1108.md)
- [Iowa Code § 537.1110 Obligation of good faith.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1110.md)
- [Iowa Code § 537.1201 Territorial application.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1201.md)
- [Iowa Code § 537.1202 Exclusions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1202.md)
- [Iowa Code § 537.1203 Jurisdiction — service of process.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1203.md)
- [Iowa Code § 537.1301 General definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1301.md)
- [Iowa Code § 537.1302 Definition Truth in Lending Act.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1302.md)
- [Iowa Code § 537.1303 Other defined terms.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1303.md)
- [Iowa Code § 537.2101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.2101.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C537_S537.1102. Check the current official text before relying on it. Not legal advice.