2009 Iowa Code
Title 13 - Commerce
Subtitle 3 - Money and Credit
CHAPTER 537 - CONSUMER CREDIT CODE
537.3302 - CROSS-COLLATERAL.

        537.3302  CROSS-COLLATERAL.
         1.  In addition to contracting for a security interest pursuant to
      the provisions on security in consumer credit transactions under
      section 537.3301, a seller in a consumer credit sale may secure the
      debt arising from the sale by contracting for a security interest in
      other property if as a result of a prior sale the seller has an
      existing security interest in the other property.  The seller may
      also contract for a security interest in the property sold in the
      subsequent sale as security for the previous debt.
         2.  If the seller contracts for a security interest in other
      property pursuant to this section, the rate of finance charge
      thereafter on the aggregate unpaid balances so secured may not exceed
      that permitted if the balances so secured were consolidated pursuant
      to the provisions on finance charge on consolidation under section
      537.2505.  The seller has a reasonable time after so contracting to
      make any adjustments required by this section.  

         [C75, 77, 79, 81, § 537.3302]
         Referred to in § 537.3301