1. The notice of right to cure shall be in writing and shall conspicuously state the name, address, and telephone number of the creditor to which payment is to be made, a brief identification of the credit transaction and of the consumer’s right to cure the default, a statement of the nature of the right to cure the default, a statement of the nature of the alleged default, a statement of the total payment, including an itemization of any delinquency or deferral charges, or other performance necessary to cure the alleged default, and the exact date by which the amount must be paid or performance tendered.
2. Except as provided in subsection 4, a notice in substantially the following form complies with this section: ................................................................................ (name, address, and telephone number of creditor) ................................................................................ (account number, if any) ................................................................................ (brief identification of credit transaction) You are now in default on this credit transaction. You have a right to correct this default until ............ (date). If you do so, you may continue with the contract as though you did not default. Your default consists of ................................................................................ (describe default alleged) Correction of the default: Before ............, (date) ................................................................................ (describe the acts necessary for cure) If you do not correct your default by the date stated above, we may exercise rights against you under the law. \n Tue Dec 09 22:02:53 2025 Iowa Code 2026, Chapter 537 (58, 3) 53 CONSUMER CREDIT CODE, §537.5115\n\n If you default again in the next year, we may exercise our rights without sending you another notice like this one. If you have questions, write or telephone promptly. ................................................................................ (the creditor)
3. A creditor gives notice to the consumer under this part when the creditor delivers the notice to the consumer or mails the notice to the consumer at the consumer’s residence as defined in section 537.1201, subsection 4.
4. If the consumer credit transaction is an insurance premium loan, the notice shall conform to the requirements of subsection 2, and a notice in substantially the form specified in that subsection complies with this subsection except for the following:
a. In lieu of a brief identification of the credit transaction, the notice shall identify the transaction as an insurance premium loan and each insurance policy or contract that may be canceled.
b. In lieu of the statement in the form of notice specified in subsection 2 that the creditor may exercise the creditor’s rights under the law, the statement that each policy or contract, identified in the notice may be canceled.
c. The last paragraph of the form of notice specified in subsection 2 shall be omitted.
5. If the consumer credit transaction is a credit card account that has been closed, the notice shall conform to the requirements of subsection 2, and a notice in substantially the form specified in that subsection complies with this subsection except that the statement relating to continuation of the contract upon correction of the default as though the consumer did not default shall not be contained in the notice.
6. This section does not apply to a consumer rental purchase agreement, which is governed by section 537.3618. [C75, 77, 79, 81, §537.5111] 87 Acts, ch 80, §50; 2013 Acts, ch 140, §94 Referred to in §537.5110, 537.5201\n\n 537.5112 Reserved. \n
Notes of Decisions
Citizens First Nat'l Bank v. Hoyt, 297 N.W.2d 329 (Iowa 1980).
· cites it 8× “Specifically, he alleges that the bank failed to provide notice of his right to cure default as per the format in section 537.5111, sent to him for his signature an authorization to confess judgment in violation of section 537.”
Garland v. Branstad, 648 N.W.2d 65 (Iowa 2002).
· cites it 4× “It is true, as Garland argues and the court of appeals observed, that the district court measured the adequacy of Garland’s notice to cure default by the standard set in the consumer credit code, Iowa Code section 537.5111(1), rather than the pertinent provision of chapter 654…”
Montgomery Ward, Inc. v. Davis, 398 N.W.2d 869 (Iowa 1987).
· cites it 8× “A creditor who believes in good faith that a consumer is in default may give the consumer written notice of the alleged default, and, if the consumer has a right to cure the default, shall give the consumer the notice of right to cure provided in section 537.”
First Nw. Nat'l Bank v. Crouch, 287 N.W.2d 151 (Iowa 1980).
· cites it 4× “A creditor who believes in good faith that a consumer is in default may give the consumer written notice of the alleged default and, “if the consumer has a right to cure the default, shall give the consumer the notice of right to cure provided in section 537.5111 before…”
Chrysler Fin. Co. v. Bergstrom, 703 N.W.2d 415 (Iowa 2005).
· cites it 2× “§ 537.5111 (requiring creditor to give consumer notice of right to cure default).”
Pub. Fin. Co. v. Van Blaricome, 324 N.W.2d 716 (Iowa 1982).
· cites it 2× “A creditor who believes in good faith that a consumer is in default may give the consumer written notice of the alleged default, and, if the consumer has a right to cure the default, shall give the consumer the notice of right to cure provided in Section 537.”
Lloyd's Plan, Inc. v. Brown, 268 N.W.2d 192 (Iowa 1978).
· cites it 3× “The form of notice to cure is provided in § 537.5111. Defendant contends plaintiff violated § 537.”
Farmers Trust & Sav. Bank v. Manning, 311 N.W.2d 285 (Iowa 1981).
· cites it 2× “A creditor who believes in good faith that a consumer is in default may give the consumer written notice of the alleged default, and, if the consumer has a right to cure the default, shall give the consumer the notice of right to cure provided in section 537.5111 before…”
IPALCO Employees Credit Union v. Culver, 309 N.W.2d 484 (Iowa 1981).
· cites it 2× “IECU served no “notice to cure” pursuant to section 537.5111, The Code, nor did its petition indicate how the amount in default was determined as required by section 537.”
Capital One Bank (Usa), N.A. v. Randy Taylor (Iowa Ct. App. 2015).
· cites it 12× “Finally, the district court found that there were no delinquency or deferral charges on Taylor’s account that were required to be itemized by section 537.5111. On November 7, 2013, Taylor filed a motion to enlarge and amend findings of fact, conclusions of law, and judgment…”
Mountain States Adjustment, a Div. of Ms Servs., LLC, plaintiff-appellant/cross-appellee v. Mark Bradley & Carolyn Bradley, defendants-appellees/cross-appellants. (Iowa Ct. App. 2016).
· cites it 4× “On January 31, 2013, the Bradleys filed their answer, affirmative defenses, and counterclaim, arguing the mortgage and note had been satisfied in full, and MSA’s notices of right to cure violated Iowa Code section 537.5111 and the federal Fair Debt Collection Practices Act.”
— Iowa Code § 537.5111(1) — 2 cases
Garland v. Branstad, 648 N.W.2d 65 (Iowa 2002).
“It is true, as Garland argues and the court of appeals observed, that the district court measured the adequacy of Garland’s notice to cure default by the standard set in the consumer credit code, Iowa Code section 537.5111(1), rather than the pertinent provision of chapter 654…”
Capital One Bank (Usa), N.A. v. Randy Taylor (Iowa Ct. App. 2015).
“Finally, the district court found that there were no delinquency or deferral charges on Taylor’s account that were required to be itemized by section 537.5111. On November 7, 2013, Taylor filed a motion to enlarge and amend findings of fact, conclusions of law, and judgment…”
— Iowa Code § 537.5111(2) — 2 cases
Citizens First Nat'l Bank v. Hoyt, 297 N.W.2d 329 (Iowa 1980).
“Specifically, he alleges that the bank failed to provide notice of his right to cure default as per the format in section 537.5111, sent to him for his signature an authorization to confess judgment in violation of section 537.”
Capital One Bank (Usa), N.A. v. Randy Taylor (Iowa Ct. App. 2015).
“Finally, the district court found that there were no delinquency or deferral charges on Taylor’s account that were required to be itemized by section 537.5111. On November 7, 2013, Taylor filed a motion to enlarge and amend findings of fact, conclusions of law, and judgment…”
— Iowa Code § 537.5111(3) — 3 cases
Lloyd's Plan, Inc. v. Brown, 268 N.W.2d 192 (Iowa 1978).
“The form of notice to cure is provided in § 537.5111. Defendant contends plaintiff violated § 537.”
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