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Cedar Rapids Gazette (Newspaper) - August 2, 1974, Cedar Rapids, Iowa The Cellar Uapids Gazelle: Frl., August 2, Iowa's Credit Code: Among 'Toughest1 in U.S. DKS MU1.NKS tAl'i Iowa's new consumer credit code "is one of the absolute toughest in the says Neil Butler. Denver, Colo., who helped draft some of its provisions. "It's probably the second- most consumer oriented code in country. The on? in Wisconsin is also pretty rugged." Butler, who said he "is the administrator of a similar law in said the code "places mere restric- tions on creditors and pro- vides greater consumer pro- tection than previous stale laws. The code was passed as a compromise measure by the 1974 legislature. Higher Interest It gives retailers a higher interest rate on credit sales than the 9 percent they were allowed following a state su- preme court decision last Sep- tember. Tlie new credit interest limit is 18 percent on the first of a revolving charge account, such as credit cards, and a 15 percent limit on amounts ex- ceeding The maximum rate on closed-end accounts, such as one-time purchases of a major appliance, is 15 percent. The allowable bank interest rate on loans for consumer pur- chases was raised from 12 to 15 percent, and the state's usery limit, which primarily regulates mortgage loans, was left at a maximum 9 percent. Butler was retained by the Iowa Retail Federation to ad- vise businessmen how to abide v.'ith complexities of the code. Seminars The federation and other business associations recently sponsored eight seminars in Iowa to show members how to comply with the law. "Debt collections are se- verely restricted by the new Butler said. "For ex- ample, a wife probably can't even be contracted by a credi- tor unless she's obligated on the contract for the debt." The law says retailers, in credit, can't discrim- cfei'd, national origin, politi- cal affiliation, sex, marital status, disability or public as- sistance. If discrimination occurs, "the Iowa Civil Rights com- mission can be expected to be active." retailer were told. Payments If a consumer falls behind in payments, lie has the right to rectify the matter once in every 365-day period. A de- fault in payments in this area is defined as failure to make a payment within ten days of its due date, or failure to abide by other contract terms. Creditors may not speed up the payment due date or re- possess goods until 20 days after a proper notice has been given. Methods of collecting debts was one of the main subjects of the seminars. Retailers were told one section of the new law "is much more de- tailed in its prohibitions" of steps formerly taken to rectify bad accounts. Debt Collection The seminars said these pit- falls of 'debt collections under the new law should be avoid- ed: Posting bad checks or lists of bad check passers where the public can see them. This was described as "a clear violation" of the code. Parents or guardians of a minor who owes a debt that's in arrears can be contacted only once every three months. Inquiries from a debtor's spouse who is not primarily li- able for the debt can be freely answered, but the collector can't initiate any contact with the spouse without prior per- mission. Contracts with other per- sons about the debt must be justified, such as reporting the debt to someone believed to have a legitimate business need for the information. If a clear need doesn't exist, the creditor shouldn't make other contacts Guidelines Hetailers ere provided these general debt collection guidelines which said a credi- tor: May notify or contact any- one reasonably !o be liable for the debt. May report Ihe debt to any- one with a legitimate business interest. May verify a debtor's em- ployment only once a month with the employer. May contact the employer or credit union only once every three months for debt counseling services. May not indicate lo other persons that a debt is being collected. May not make threats of vi- olence or of legal remedies to which he is not entitled. May never make a false fraud u lent or misleading statement or threat. Beyond these guidelines, should consider contacting a collection agency or attorney. Eight Sleeping Escape injury as Houseboat Sinks COKALVILLE A large hou- seboat owned by Ralph Gordon, Marion, sank in the Coral- ville reservoir late Thursday night. All eight persons sleeping aboard the boat were rescued shortly before the 40 by 16 foot steel hull craft went to the hot- ton of the reservoir ecross from the Sugar Bottom campground. A guest aboard the craft no- ticed water seeping in at ap- proximately (Jordan anc a friends rowed ashore anc campers in the area helped to put boats in the water to bring other members of the party ash- ore. The upper portion of the craft, valued at about is visi- ble. The cause of the sinking has not been determined. Gov. Ray Asks Disaster Declaration for Iowa A Relic of the Past Abandoned farm houses dot tho Iowa countryside, as the trend over1 recent years has been toward fewer farmers working larger farms. This aging structure, seen along highway 149 abour 12 miles south of Williamsburg, illustrates the passage of time. DBS MOINES (AP) Gov. Robert Ray has askedl U.S. Secretary of Agriculture Earl Eutz to declare the entire state a disaster area to aid farmers hard hit by adverse weather conditions. In a telegram Thursday to Butz, Ray said he wanted the declaration to cover the whole state in order to trigger an evaluation 'by each county's federal disaster committee. Response to Ray's request is expected to be made in the form of county-by-county dis- aster designations. Even hi some counties where averages indicate close-to-normal crop yields, he said, "we have reason to be- lieve that individual producers have experienced severe crop losses as a result of sig- nificant rainfall shortages." A disaster declaration would make farmers in affected areas eligible for low interest five percent emergency operating and crop loss loans. Ray is to visit Cass, Mills and West Pottawaltamie coun- tisc Friday fo ra first hand look at severe drought condi- tions in southwest Iowa. In his telegram to Butz, Ray said a county-by-counly sur- vey already conducted in- dicates that "crop losses are already total in some in- stance and of extremely high amounts in many others." The governor promises the cooperation of .state agencies and local officials "in the nec- essary follow-through to see that federal assistance is made available to our farmers following a disaster declara- tion." Society To Present Centennial Award WEST BRANCH The Iowa Engineering S o c i t y' s newest award, the Herbert Hoover Cen- tennial award, will be presented Thursday to an engineer in rec- ognition of outstanding service to the profession and contribu- tions to civic and humanitarian endeavors. Making .the presentation will be Allan Hoover, son of the former President. It is planned to make this the Iowa Engineer- ing Society's most prestigious award. It will be presented only once every five years. The recipient will receive a plaque, a duplicate of which will remain in the Hoover Presiden- tial Library of which will be inscribed the names of the peo- ple to whom the award is made. The Award Convocation will! be held in the auditorium of the Hoover library at p.m. Dr. Joseph McCabe, chancellor of Coe college, Cedar Rapids, will deliver the featured address, "Slander and MARQUETTE The road in I Bickel's addition to Ridgewood CITY Dances in Church Halted by Diocese I! New Members Could Delay Busing Plan DES MOINES (UPI) The problem of dividing up the in- sufficient million to bus parochial students in Iowa's 450 public school districts has become further complicated by the appointment of two new members to the school budget review committee. Monday, four weeks past the legal deadline, Gov. Rob- ert Ray announced the ap- pointment of Enid Davis, of Keokuk, and Edgar Gates, of Mason City, to replace two outgoing members of the com- mittee. At least one department of public instruction (DPI) of- ficial feels that the late ap- pointments could further hold up progress in administering a new Iowa law to bus the j state's parochial students. j Financial Problems Tom Wiley, DPI budget re- view consultant who has worked with the new law since its ratification, said there already are major fi- nancial problems. In addition, he said, trying to orient two new committee members to the complexities of the matter could further delay implementation of an overall busing plan. The law, passed by the 1974 legislature, was to have taken effect July 1. However, Wiley reported, because of financial and logis- tical snarls, it may be Sep- tember, 1975, before the law actually takes effect and all of the state's parochial students are provided adequate trans- portation. Second Hearing Possible Iowa County Move To Flood Insurance Seen Special to Tfcs Gazette MARENGO Williamsburg, Iowa county and several towns near here may soon be forced to approve federal flood insurance, according to a regional planning official. James Elza, executive direc- tor of the East Central Iowa Assn., of Regional Planning Commissions, met with the board of supervisors Tuesday to outline the probable re- quirement for the county to declare for federal flood insur- ance in order to continue to obtain other types of federal funding. He also listed Williamsburg and Ladora in addition to Marengo as flood prone areas. Elza explained that commu- nities which don't approve the federal flood insurance run the risk of not only losing out on the insurance itself, but also of imperiling 'other forms of federal assistance, includ- ing such items as FHA guar- antees of home loans and per- haps even Federal Deposit In- surance Corp. coverage at local banks. Information Meeting The supervisors directed Elza to set up an information Comprehensive Attack On Economic Ills Asked By Harrison Weber DES MOINES Representative John C. Culver, Democratic candidate for the U.S. senate, is calling on congress to launch a com- prehensive attack on the ills of the nation's economy, with priority going to cuts in the Congressman John Culver received 200 feet of gravel by order of Marquette officials, al- though residents said no request for gravel has been made for three years. Addition property owners arej seeking separation from Mar-' quette, and a suit, contested by Marquette, is scheduled to be heard Sepl. 3 in Clayton county district court. Residents claim that since Marquette has not supplied the gravel, homeowners have paid to have gravel hauled and placed on the road when they felt, it was needed. Marquette officials said, how- ever, that a recent routine street inspection had indicated the need for gravel in the area, eration Front, a homosexual group accredited by the Univer- sity of Iowa, will evidently no The Gay Lib- said "it is manefestly inappro- priate" for Center East lo be used for such purposes. Before the vote of the lay longer be able to use Centerjcouncil took place, other East for further dances. i members noted homosexuality In a vote of the Davenportjis against Catholic theology and Diocese lay council this week, a allowing such dances to occur is resolution was adopted that creating confusion as to the states promescuily'or uality will be prohibited from, using diocesan facilities for: Services Scheduled furthering their beliefs. por Ray j The Gay Liberation Front has. WEST LIBERTY Ray. S.j held a number of dances in j Heath, 77, a West Liberty bank-i Center East which dicd Friday morning inj funds from the diocese. I Mercy hospital in Iowa City. The Center East complo.i Mr. Heath had served as houses a number of university j former secretary and member, and city organizations. The j of the West Liberty board of cd-j building formerly was occupiedlucation, was a member and! and that it had therefore been j by a Catholic school. j past-president of the West Lib-j ordered and spread. Members of the lay council injerty Rotary club and was a Ridgewood residents maintain that to the best o1 their know- ledge no Marquette police pa- trols or trash collodion has taken place in the area. Ridgewood is located above- McGregor, and can he reached only by a road leading up to the hilltop from First street in Mc- two miles away from Marquclle. Davenport stressed that whilejformer commander of the they did not criticise the gay American Legion. liberation movement itself, they did not feel social aclivitiy should be held in the same He is survived by his wife, thej former Leota Kerr; one daugh-j ter; Mrs. Thomas M. place where mass is held. Cedar Rapids; and four grand- Mass i.s held at the facility for children, students and other community j Services are Saturday at 3 at members. An Iowa City member of the l.'iy council, Mrs. Wayne Tegler, the West Liberty United Meth- odist church. Visitation Friday evening at Spider's. A second hearing will be held Monday for 28 more school districts to present their fund requests for buses to the DPI. Obviously, Wiley said, a for- mula for distributing the million available for buses was to have been decided at the Monday meeting. But, he said the appoint- ment of the committee members throws a wrench into that plan. Much of thy time now, he said, probably will be taken up explaining the situation lo Mrs. Davis and Gates. Decision Doubtful Wiley said although the two were sent background data and the minutes of the last meeting, he doubted thai the committee could make a deci- sion Monday on the funding formula as the school districts had been dismissed. "With the new members we don't know what could hap- pen, but probably the discus- sion will go on until 0 p.m. and then it could well he there will have to be another inct't- Wiley said. defense budget, and to a com- bination of tax reform and tax relief "The Jvixon administration has landed us ir. the worst economic mess since the de- Culver charged, singling out "stop-go controls, disastrous ventures like the Soviet wheat deal, and the total failure to anticipate and plan for shortages of fuel and other vital materials." The Cedar Rapids Democrat said congress is taking an im- portant. first step to remedy matters by creating budget i committees that will set spending ceilings and recon- cile tax revenues with appro- priations. Establish Priorities Culver urged this new pro- cedure to be used to establish budget priorities and to attack both inflation and unemploy- ment. "I think the defense budget is where wo should slash spending Culver de- clared. He pointed to the B-l bomber, Ihe Trident subma- rinc, and "excessive overseas and flag-rank forces" as can- didales for economics which he .said could readily total billion. Tax reform is anolher prior- ity matter, Culver contended, calling for eliminating billion in "preferential such ;is foreign and domestic oil de- pletion, the misuse of the foreign tax credit, accelerated depreciation, and "hobby farming." He said some of the result- ing tax income from such pro- grams should go toward re- ducing taxes on lower-income and elderly citizens. "We must do everything we can to equalize the heavy burdens of inflation." he said. ''Other matters needing prompt attention, are: "An increase in public ser- vice jobs and greatly im- proved manpower training; a pointed attack on adminis- tered pricing and 'other anti- competitive practices, pas- j sage of the trade reform bill and agreement on interna- tional monetary reform, more meeting both for the county and other local officials to hear the federal administrator of the program sometime soon. Marengo already has moved ahead quicky to approve the flood insurance. Marengo was the first area of the county to be officially declared "flood- prone." Elza said that after July 1, 1975, the opportunity to join and obtain the flood insurance will expire. He said several require- ments are put on cities and counties that go for the flood insurance. This includes a build-ing code system, a build- ing inspector and a form of zoning in flood planes. Have Requirements The supervisors, who have had a committee working on county zoning for several years, noted it might be possi- ble to simply zone flood-prone areas as such at this time without committing to county zoning. Most cities, like Marengo and Williamsburg. already have building permit require- ments, and Williamsburg has designated City Supt. Richard Damages Totaling Asked in Buchanan Suit INDEPENDENCE A suit asking damages totaling has been filed hi Buchanan coun- ty district court here by Marilyn and Wayne Weber of Buchanan county. Defendant in ithe case is Nicholas Clark Madison, In- dependence, as executor of the estate of Stanton W. Madison. According to the petition Marilyn Weber was jdriving a car on Aug. 21, 1973, about four miles northwest of Quasqueton on a county road when a flock of geese, owned by Stanton Madison, walked onto the high- way. In an attempt to avoid hit- ting the geese, the plaintiff drove into a side ditch and was injured, the petition said. The defendant was negligent in not keeping the geese off the road and in failing to Hiose using the road of the presence of the geese, the suit said. Mrs. Weber is asking in damages. Wayne Weber seeks Vote Mississippi Swimming Ban DUBUQUE (AP) The Dubu- que county health commission has voted to recommend a ban E. Wardenburg on and water skiing ing inspector !ln a stcelch lhe Mis- Federal flood insurance was islsf PP'rlver south of Dubuque. enacted by congress in 1968 in response to flooding caused by the hurricane that swept through the eastern United States including Pennsylvania and New York. 100th Birthday DAVENPORT (AP) An The action came during a spe- cial meeting Thursday night as a result of high bacteria counts in the river near the Massey marina. Thirteen persons who were swimming in that, area are suf- fering from shigcllosis, an intes- tinal disorder. Dr. Kenneth Hazelett, ui i, IL n i u lltliUlKLL t1 selective channeling of credit jcpen house was held Thursday i county health official said the to the housing industry and jat the Americana Nursing j ban would probably'be lifted other small business, and ac- center in Davenport for Albert when tests indicate a safe bac- Allen who celebrated his IGOthlteria level, birthday. Allen is reportedly (he; The commission said it would only surviving veteran of the maintain continuous testing post signs and recommend that people not swim in the area. However, the commission has lion to increase supply of basic commodities. "This is no time for defea- tism. The American people expect enlightened leadership to devise and carry through solutions." veteran of Spanish American war who went over the hill with Teddy Roosevelt in 1898 and fought in Cuba with the 1st cavalrv. no power to enforce the ban. GLASSES as low as Your glasses includes clear lenses (impact and choice of frames from a large selection of latest styles 106 FIRST ST., S.E. TELEPHONE 364-2122 MY MONDAY THROUGH SA DOWNTOWN CEDAR RAPIDS
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