44 underneath the ICCC, debtors have 20 times to cure a standard before a creditor can institute appropriate procedures, including self-help repossession of security. Iowa Code §§ 537.5110, 537.5111. It might be ludicrous to declare that the failure to cure within that right time could produce an inference that the debtor never designed to repay the mortgage, and knew he could never, therefore justifying a fee for theft by deception. The failure in order to make a check-loan good after notice may be the practical exact carbon copy of the standard straight to cure with regards to other styles of credit rating deals. ( The distinction is the fact that the risk of unlawful prosecution may haunt the payday that is defaulting debtor’s brain. )
45 See Sec. LB, above.