1. The administrator may bring a civil action to restrain a person to whom this part
applies from engaging in any of the following courses of action:
a. Making or enforcing unconscionable terms or provisions of consumer credit transactions.
b. Fraudulent or unconscionable conduct in inducing consumers to enter into consumer
c. Conduct of any of the types specified in paragraph “a” or “b” with respect to transactions
that give rise to or that lead persons to believe they will give rise to consumer
d. Fraudulent or unconscionable conduct in the collection of debts arising from consumer
credit transactions or from transactions which would have been consumer credit transactions
if a finance charge was made or the obligation was payable in installments.
2. In an action brought pursuant to this section the court may grant relief only if
it finds all of the following:
a. That the defendant has made unconscionable agreements or has engaged in or is likely
to engage in a course of fraudulent or unconscionable conduct.
b. That the defendant's agreements have caused or are likely to cause, or the conduct
of the defendant has caused or is likely to cause, injury to consumers or debtors.
c. That the defendant has been able to cause or will be able to cause the injury primarily
because the transactions involved are credit transactions.
3. In applying subsection 1, paragraph “a”, “b”, or “c”, consideration shall be given
to the factors specified in the provisions on unconscionability with respect to a
transaction that is or gives rise to or that a person leads the debtor to believe
will give rise to a consumer credit transaction, as provided in section 537.5108, subsection 3, among others.
4. In applying subsection 1, paragraph “d”, violations of section 537.7103 shall be considered, among other factors, as applicable.
5. In an action brought pursuant to this section, a charge or practice expressly permitted
by this chapter is not in itself unconscionable.
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