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Case No. 19-0514

PSFS 3 Corporation

Defendants appeal from judgments entered against them in plaintiff’s actions to enforce commercial equipment financing agreements. Defendants contend the district court erred: (1) in finding it had personal jurisdiction over defendants; (2) in finding the financing agreements were not credit agreements as defined in Iowa Code section 535.17, and the original principal amount of the credit agreement and rate of interest were not material terms under that statute; (3) by entering final judgments without permitting defendants to present a defense, in violation of their federal and state rights to due process; (4) in finding plaintiff was entitled to attorney fees; (5) in finding plaintiff had proven a breach of contract; and (6) in failing to find the default interest damage provision of the financing agreement is unconscionable under Iowa Code section 554.13108.



PSFS 3 Corporation



Attorneys for the Appellee

Benjamin P. Roach
Randall D. Armentrout

Attorneys for the Appellant

Ronald P. Gossett
Billy J. Mallory
David H. Charlip
Matthew L. Preston
Brad J. Brady
Cara L. Roberts

Supreme Court

Oral Argument Schedule


Jan 20, 2021 9:00 AM


Supreme Court Opinion

Opinion Number:
Date Published:
Jun 25, 2021
Date Amended:
Sep 30, 2021

Other Information

Date Retained:
Oct 20, 2020

View archived opinions from prior to November 2017

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