1. a. Interest rates on loans made by a state credit union, other than loans secured by a mortgage or deed of trust which is a firstlien upon real property, shall not exceed the finance charge permitted in sections 537.2401 and 537.2402 on consumer loans. b. Interest rates on businessloans shallnot exceed the financechargepermitted by section 535.2. 2. With respect to a loan secured by a mortgage or deed of trust which is a firstlien upon realproperty, astate credit union shall not charge a rate of interest thatexceeds the maximum rate permitted by section 535.2. 3. The provisions of this section do not apply to a loan that issubject to section 636.46.
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