FOR IMMEDIATE RELEASE

For more information contact:
Carleton Sales Team
574.243.6040 option #3
sales@carletoninc.com

Summary

Iowa Governor Kim Reynolds signed identical bills HF 2329 and SF 2216 into law on May 2, 2026. These bills replace the tiered structure of Iowa’s Regulated Loan Act with a 3% per month (36% annual) interest rate for all loans under $30,000.

In addition, the service charge for these loans has been updated to be the lesser of either 3% of the amount financed or $100.

Effective July 1, 2026

Action Steps

• Evaluate Iowa lending programs for compliance with the revised interest rate and service charge limits.
• Reach out to Carleton Support via the customer support portal if you would like to review or update your current parameter files.

About Carleton, Inc.

Carleton provides integrated financial solutions that support the full lending lifecycle, delivering accurate and compliant loan origination calculations, automated document generation and delivery, and expert audit and compliance services nationwide. For more than 55 years, Carleton has been trusted by lenders, financial institutions, and technology providers to navigate complex federal and state regulations while reducing risk and improving operational efficiency. By unifying calculation accuracy, regulatory compliance, and document workflows into a foundational solution, Carleton elevates its partners’ platforms, helping them accelerate funding, maintain confidence in compliance, and focus on growing their business. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.