536.1 Title — license required. 1. This chapter may be referred to as the “Iowa Regulated Loan Act”. 2. With respect to a loan other than a consumer loan, a person shall not engage in the business of making loans of money, credit, goods, or things in action in the amount or of the value […]
536.10 Examination of business — fee. 1. For the purpose of discovering violations of this chapter or securing information lawfully required by the superintendent, the superintendent may at any time, either personally or by designee, investigate the loans and business and examine the books, accounts, records, and files of every licensee and of every person […]
536.11 Records — annual report by licensee. 1. The licensee shall keep such books, accounts, and records as the superintendent may require in order to determine whether such licensee is complying with the provisions of this chapter and with the rules and regulations lawfully made by the superintendent under this chapter. Every licensee shall preserve […]
536.12 Restrictions on practices. 1. No licensee shall conduct the business of making loans under the provisions of this chapter within any office, room, suite or place of business in which any other business is solicited or engaged in, or in association or conjunction therewith, except as may be authorized in writing by the superintendent […]
536.13 Loan classifications, interest rates, and charges — report, penalty, and consumer credit code applicability. 1. The superintendent may investigate the conditions and find the facts with reference to the business of making regulated loans, as described in section 536.1, and after making the investigation, report in writing any findings to the next regular session […]
536.14 Rights of borrower — payments. Every licensee, in addition to complying with requirements of the Iowa consumer credit code, chapter 537, respecting consumer loans, shall: 1. Permit payment to be made in advance in any amount on any contract of loan at any time, but the licensee may apply such payment first to all […]
536.15 Limitation on principal amount. A licensee shall not directly or indirectly charge, contract for, or receive any interest or consideration greater than the lender would be permitted by law to charge if the lender were not a licensee upon the loan, use, or forbearance of money, goods, or things in action, or upon the […]
536.16 Nonresident licensees — face-to-face solicitation. Notwithstanding other provisions of this chapter to the contrary, a person who neither has an office physically located in this state nor engages in face-to-face solicitation in this state, if authorized by another state to make loans in that state at a rate of finance charge in excess of […]
536.19 Violations. Any person, partnership, association, or corporation and the several members, officers, directors, agents, and employees thereof, who shall violate or participate in the violation of any of the provisions of section 536.1, 536.12, 536.13 or 536.14, which are not also violations of chapter 537, article 5, part 3, of the Iowa consumer credit […]
536.2 Application — fees. 1. An application for a license shall be in the form prescribed by the superintendent, and shall contain all of the following: a. The name and the address, both of the residence and place of business, of the applicant. If the applicant is not a natural person, the application shall include […]
536.20 Nonapplicability of statute. This chapter shall not apply to any person doing business under and as permitted by any law of this state or of the United States relating to banks, trust companies, building and loan associations, credit unions or licensed pawnbrokers, nor shall it apply to any domestic corporation entitled to the benefits […]
536.21 Rules. The superintendent is hereby authorized and empowered to adopt such reasonable and relevant rules pursuant to chapter 17A as may be necessary for the execution and the enforcement of the provisions of this chapter, in addition hereto and not inconsistent herewith. [C35, §9438-f21; C39, §9438.21; C46, 50, 54, 58, 62, 66, 71, 73, […]
536.22 Assistants. The superintendent of banking is hereby authorized to employ such competent help as the superintendent deems necessary to carry out and perform the provisions of this chapter, and is hereby authorized and empowered to pay such persons so employed from the license fees, examination fees, and investigation fees referred to in section 536.2. […]
536.23 Judicial review. Judicial review of the actions of the superintendent may be sought in accordance with the terms of the Iowa administrative procedure Act, chapter 17A. [C35, §9438-f23; C39, §9438.23; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §536.23] 2003 Acts, ch 44, §114; 2004 Acts, ch 1141, §34; 2006 […]
536.24 List of licensees by banking superintendent. The superintendent of banking shall, in listing the names of licensees under this chapter, indicate if the licensee is one of a chain of two or more such licensees, the name of the owner and the address of the principal place of business of each owner, a summary […]
536.25 Statement of indebtedness of borrower. Repealed by 2006 Acts, ch 1042, §42 .
536.26 Insured loans. 1. A licensee shall not, directly or indirectly, sell or offer for sale any life or accident and health insurance in connection with a loan made under this chapter except as and to the extent authorized by this section. Life, accident and health insurance, or any of them, may be written by […]
536.27 Insurance related to property of borrower. A licensee may sell the borrower insurance against loss of or damage to property owned by the borrower or loss from liability arising out of the ownership or use of property owned by the borrower. When the transaction is a consumer credit transaction as defined in section 537.1301 […]
536.28 Definitions. As used in this chapter, unless the context otherwise requires: 1. “Administrator” means the person designated in section 537.6103. 2. “Consumer loan” means a loan as defined in section 537.1301. 3. “Licensee” means a person licensed under this chapter. 4. “Superintendent” means the state superintendent of banking. [C75, 77, 79, 81, §536.28] 85 […]
536.29 Enforcement of Iowa consumer credit code. 1. The superintendent shall enforce the Iowa consumer credit code, chapter 537, with respect to licensees, as provided in sections 537.2303, 537.2305 and 537.6105. 2. The superintendent shall cooperate with the administrator, and shall assist the administrator whenever necessary to provide for the discharge of the duties of […]
