Realtors press for raise to Iowa usury limit
About 200 real estate agents including Cedar Rapids members flooded the Statehouse to push a bill to lift Iowa’s 9 percent usury cap. They warn continued mortgage squeezes could dry up Cedar Rapids and trigger a home buying slowdown within 90 days. Tommy Tucker of Cedar Rapids, leader in the Realtors’ governmental affairs, urged legislators to back the measure amid the financial lobby’s push.
MENTIONED IN THIS ARTICLE
Des Moines
Cedar Rapids
Statehouse
Tommy Tucker
Iowa Association of Realtors
Iowa Usury Debate Aims To Raise Home Loan Access
Iowa bankers and realtors push for fluctuating usury rates to ease loan costs amid 9 percent cap. Proposals would lift the ceiling toward 10 percent with a sunset clause. Senate leaders voiced caution while Cedar Rapids Realtors urged reform and noted points on loans for buyers.
Senate kills House bill to curb consumer credit rates
Des Moines senators defeat the House backed measure 5 to 4 in committee, killing the effort to lower usury charges. The plan proposed a tiered rate, capping 18 percent on the first 200, 15 percent on 201 to 500, and 12 percent above that, with key dissent from Sen. Berle Priebe. Rep. Ned Chiodo remains hopeful the bill could still advance before adjournment.
MENTIONED IN THIS ARTICLE
Des Moines
Senate Commerce Committee
Senate
Eugene Hill
D-Newton
Cairman
Steve Bisenius
R-Cascade
Hill
Bisenius
Berle Priebe
D-Algona
Priebe
Ned Chiodo
D-Des Moines
Cloyd Robinson
Cedar Rapids
Solisti Veneti to perform Vivaldi opera Orlando Furioso
Verona based Solisti Veneti to mark the 300th birth of Antonio Vivaldi by touring his lesser known opera Orlando Furioso. The program opens in June at Verona's Teatro Filarmonico and then visits Versailles London New York and Tokyo.
MENTIONED IN THIS ARTICLE
Verona
Italy
UPI
Solisti Veneti Music Group
Antonio Vivaldi
Vivaldi
Orlando Furioso
Ludovico Ariosto
Teatro Filarmonico
Versailles
London
New York
Tokyo
Senate rejects House abortion amendment in Iowa
Des Moines report notes the Iowa Senate voted 31 to 15 to reject a House change adding a fifth reason for state paid abortions for indigent women. The bill totals 250.7 million dollars to the Department of Social Services with about 300 thousand for abortions. with House amendments it may go to conference or to Governor Ray for consideration.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa Senate
House
Senate
Department of Social Services
Sondheim Musical Debuts in Hannover West Germany
The Stephen Sondheim musical Smiles of a Summer Night based on Bergman’s film opened in Hannover with Hannover State Opera led by Briton Ken Grant. The show follows a Broadway triumph and a Vienna run.
MENTIONED IN THIS ARTICLE
Hannover
West Germany
UPI
Stephen Sondheim
Ingmar Bergman
Hannover State Opera Company
Vienna
Ken Grant
Legislative Notes on Births and Birthdays in Des Moines
Des Moines lawmakers discuss family events and political balance. Rep. Joan Lipsky welcomed granddaughter Leah Morgan Lipsky born April 18 to Abbott Lipsky Jr. of Washington DC. Sen. Louis Culver observed 70th birthday on April 15 while recovering from a mild stroke. Democratic margin sits at 25 to 24 with Redmond allied but absent. Rep. Floyd Millen celebrated early birthday on April 17 to keep celebrations during the session.
MENTIONED IN THIS ARTICLE
Des Moines
Joan Lipsky
Cedar Rapids
Leah Morgan Lipsky
Abbott Lipsky Jr
Washington, D.C
Lipsky
Abbott
Rep. Lipsky
Betty Jean Clark
R-Rockwell
Miss Leah Morgan
Rep. Clark
Louis Culver
D-Dunlap
Iowa Lutheran Hospital
Statehouse
Culver
Senate Chamber
James Redmond
House
Floyd Millen
Farmington
Millen
Also Mentioned on This Page
The
Roger Munns
Gazette
Howo News
Tucker
Iowa
Sen
George Kinley
Donald Carter
Cedar Rapids Board of Realtors
John Zachar
Zachar Realty Firm
Rick Craft
Fred Gibson
Dale Gosch
ERA United Realtors
Bill Strasburger
Kensinger Realty
Mark Donahue
Hedges Co
Solisti Veneti
Gallery of Homes
Sheraton Inn
1St Ave
Robert Ray
Sylvania Lighting Center
Danvers
Mass
Sylvania
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