Collection Actions: 3.6.2 Other State Notice Requirements
Iowa’s right to cure statute applies to consumer credit transactions,259 and thus also applies to credit card collections.260 Consequently, before the creditor can accelerate the amount due—i.e., demand the full balance and not just paid due minimum payments—the creditor must send the consumer a right to cure notice that follows the language and requirements of the Iowa right to cure statute.261 Where a card issuer never accelerated the debt, but s