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Home » US Law » 2022 Iowa Code » Title XIII - COMMERCE » Chapter 535D - MORTGAGE LICENSING ACT » Section 535D.20 – Operating without a license — penalty.

535D.20 Operating without a license — penalty.

A person who, without first obtaining a license under this chapter, engages in the business or occupation of, or advertises or holds the person out as, or claims to be, or temporarily acts as, a mortgage loan originator in this state is guilty of a class “D” felony and may be prosecuted by the attorney general or a county attorney.

2009 Acts, ch 61, §21, 25