The prior written approval of the superintendent is required whenever a change in control of the licensee is proposed. For purposes of this section, “control” means control as defined in section 524.103. The superintendent may require information deemed necessary to determine whether a new application is required. When requesting approval, the person shall submit a fee of one hundred dollars to the superintendent.
Iowa Code § 536.7A
Change in control — approval
Known as the Iowa Regulated Loan Act
The act spans §§ 536–536 (29 sections).
2006 Acts, ch 1042, §35
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.