§ 537.6203

537.6203 Fees. 1. A person required to file notification shall pay to the administrator an annual fee of fifty dollars. The fee shall be paid with the filing of the first notification and on or before January31 of each succeeding year. 2. A person required to file notification who is a seller, lessor, or lender and who is not an assignee shall pay an additional fee at the time and in the manner stated in subsection 1 often dollars for each one hundred thousand dollars, or part thereof exceeding ten thousanddollars, of the average unpaid balances, including unpaid scheduled periodic payments underconsumer leases, of obligations arising from consumer credit transactions entered into ormodified by the person in this state and held on the last day of each calendar month during thepreceding calendar year and held either by the seller, lessor, or lender, or by an immediate orremote assignee who has not filed notification. The unpaid balances of assigned obligationsheld by an assignee who has not filed notifications are presumed to be the unpaid balancesof the assigned obligations at the time of their assignment by the seller, lessor, or lender. 3.

d obligationsheld by an assignee who has not filed notifications are presumed to be the unpaid balancesof the assigned obligations at the time of their assignment by the seller, lessor, or lender. 3. A person required to file notification who is an assignee shall pay an additional fee at the time and in the manner stated in subsection 1 of ten dollars for each one hundredthousand dollars, or part thereof exceeding ten thousand dollars, of the average unpaidbalances including unpaid scheduled periodic payments payable by lessees, of obligationsarising from consumer credit transactions entered into or modified in this state, taken bythe person by assignment and held by the person on the last day of each calendar monthduring the preceding calendar year. 4. In addition to the penalties provided by section 537.6113, subsection 3, the administrator may collect a charge, established by rule, not exceeding seventy-five dollarsfrom each person required to pay fees under this section who fails to pay the fees in fullwithin thirty days after they are due. 5. Moneys collected under this section shall be deposited in a consumer credit administration fund in the state treasury and shall be used

o pay the fees in fullwithin thirty days after they are due. 5. Moneys collected under this section shall be deposited in a consumer credit administration fund in the state treasury and shall be used for the administration of thischapter. The moneys are subject to warrant upon certification of the administrator and areappropriated for these purposes. Notwithstanding section 8.33, the moneys in the fund donot revert at the end of a fiscal period. [C75, 77, 79, 81, §537.6203]89 Acts, ch 68, §7; 2007 Acts, ch 22, §98; 2017 Acts, ch 138, §23Referred to in §537.5301, 537.6113 Sat Dec 23 01:41:16 2023 Iowa Code 2024, Section 537.6203 (19, 0)