Iowa Code

Iowa Code § 533D.10 (2026)

Prohibited acts by licensee

✓ current as of July 2026

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1. A licensee shall not do any of the following:

a. Hold from any one maker more than two checks at any one time.

b. Hold from any one maker a check or checks in an aggregate face amount of more than five hundred dollars at any one time.

c. Hold or agree to hold a check for more than thirty-one days.

d. Require the maker to receive payment by a method which causes the maker to pay additional or further fees and charges to the licensee or another person.

e. Repay, refinance, or otherwise consolidate a postdated check transaction with the proceeds of another postdated check transaction made by the same licensee.

f. Receive any other charges or fees in addition to the fees listed in section 533D.9, subsections 1 and 2.

2. For purposes of this section, “licensee” includes a person related to the licensee by common ownership or control, a person in whom the licensee has any financial interest, or any employee or agent of the licensee. 95 Acts, ch 139, §10 \n

Notes of Decisions

Cited in 2 cases, 2007–2007 · leading case: Midwest Check Cashing, Inc. v. Richey, 728 N.W.2d 396 (Iowa 2007).

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Midwest Check Cashing, Inc. v. Richey, 728 N.W.2d 396 (Iowa 2007). · cites it 2× “Iowa Code § 533D.10(l)(a), (6). Thus, the most that can be borrowed in a delayed deposit transaction is $445, if the maximum $55 is charged as a fee in accordance with section 533D.”

Midwest Check Cashing, Inc., D/b/a Ez Money Check Cashing Vs. Erin E. Richey (Iowa 2007). · cites it 3× “Iowa Code § 533D.10(1)(a), (b). Thus, the most that can be borrowed in a delayed deposit transaction is $445, if the maximum $55 is charged as a fee in accordance with section 533D.”

— Iowa Code § 533D.10(1)(a) — 1 case

Midwest Check Cashing, Inc., D/b/a Ez Money Check Cashing Vs. Erin E. Richey (Iowa 2007). “Iowa Code § 533D.10(1)(a), (b). Thus, the most that can be borrowed in a delayed deposit transaction is $445, if the maximum $55 is charged as a fee in accordance with section 533D.”

— Iowa Code § 533D.10(f) — 1 case

— Iowa Code § 533D.10(l)(a) — 1 case

Midwest Check Cashing, Inc. v. Richey, 728 N.W.2d 396 (Iowa 2007). “Iowa Code § 533D.10(l)(a), (6). Thus, the most that can be borrowed in a delayed deposit transaction is $445, if the maximum $55 is charged as a fee in accordance with section 533D.”

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