2009 Iowa Code
Title 13 - Commerce
Subtitle 3 - Money and Credit
CHAPTER 537 - CONSUMER CREDIT CODE
537.1107 - WAIVER -- AGREEMENT -- SETTLEMENT.

        537.1107  WAIVER -- AGREEMENT -- SETTLEMENT.
         1.  Except in settlement of a bona fide dispute, a consumer may
      not waive or agree to forego rights or benefits under this Act.
         2.  A claim by a consumer against a creditor relating to an excess
      charge, any other civil violation of this chapter, or a civil
      penalty, or a claim by a creditor against a consumer for default or
      breach of a civil duty imposed by this chapter, may be settled by
      agreement if the claim is disputed in good faith.
         3.  A claim against a consumer, whether or not disputed, may be
      settled for less value than the amount claimed.
         4.  A settlement in which the consumer waives or agrees to forego
      rights or benefits under this chapter is invalid if the court as a
      matter of law finds the settlement to have been unconscionable at the
      time it was made.  The competence of the consumer, any deception or
      coercion practiced upon the consumer, the nature and extent of the
      legal advice received by the consumer, and the value of the
      consideration may be considered, among other factors, with respect to
      the issue of unconscionability.  

         [C75, 77, 79, 81, § 537.1107]
         Referred to in § 537.3403, 537.3404, 537.3405, 537.5110