Late charge for creditors and debt collectors—increase in fee, 22.6(1)
ARC 3629C
ATTORNEY GENERAL[61]
Adopted and Filed
Rule making related to increase in late charge
The Attorney General (the Department) hereby amends Chapter 22, "Notification and Fees," Iowa Administrative Code.
Legal Authority for Rule Making
This rule making is adopted under the authority provided in Iowa Code sections 537.6117 and 537.6203(4).
State or Federal Law Implemented
This rule making implements, in whole or in part, Iowa Code section 537.6203(4).
Purpose and Summary
This amendment increases the amount of the late charge assessed by the Department from $25 to $75. The amendment corresponds with Iowa Code section 537.6203(4) as amended by 2017 Iowa Acts, Senate File 502. The General Assembly increased the maximum amount that may be assessed as a late charge from $25 to $75, effective July 1, 2017. The amendment to subrule 22.6(1) increases the late charge assessed by the Department accordingly.
Public Comment and Changes to Rule Making
Notice of Intended Action for this rule making was published in the Iowa Administrative Bulletin on September 13, 2017, as ARC 3308C. No public comments were received. No changes from the Notice have been made.
Adoption of Rule Making
This rule making was adopted by the Department on January 24, 2018.
Fiscal Impact
This rule making has no fiscal impact to the State of Iowa.
Jobs Impact
After analysis and review of this rule making, no impact on jobs has been found.
Waivers
Any person who believes that the application of the discretionary provisions of this rule making would result in hardship or injustice to that person may petition the Department for a waiver of the discretionary provisions, if any.
Review by Administrative Rules Review Committee
The Administrative Rules Review Committee, a bipartisan legislative committee which oversees rule making by executive branch agencies, may, on its own motion or on written request by any individual or group, review this rule making at its regular monthly meeting or at a special meeting. The Committee's meetings are open to the public, and interested persons may be heard as provided in Iowa Code section 17A.8(6).
Effective Date
This rule making will become effective on March 21, 2018.
The following rule-making action is adopted:
Amend subrule 22.6(1) as follows:
22.6(1) Late charge. The administrator may collect a late charge of $25 $75 from any party subject to Iowa Code sections 537.6201 to 537.6203 who has failed to pay the required fees in full within 30 days after their due date.
[Filed 1/24/18, effective 3/21/18]
[Published 2/14/18]
Editor's Note: For replacement pages for IAC, see IAC Supplement 2/14/18.
The Attorney General is the State of Iowa's chief legal officer. The Attorney General has general charge, supervision and direction of the state's legal business. The Attorney General is elected every four years.
The official published PDF of this document is available from the Iowa General Assembly’s Administrative Rules page.
View the Iowa Administrative Bulletin for 2/14/2018.
The following administrative rule references were added to this document. You may click a reference to view related notices.
Rule 61-22.6(1)The following Iowa code references were added to this document. You may click a reference to view related notices.
Iowa Code 537.6201 Iowa Code 537.6203The following keywords and tags were added to this document. You may click a keyword to view related notices.
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