Iowa Regulated Loan Act
Iowa · Regulated Loans · §§ 536.1 to 536.9 · 29 sections
Overview
The act establishes a licensing regime for consumer lending companies, requiring lenders to obtain a license from the state banking regulator, post a bond, and pay application and annual fees before making regulated loans. It sets limits on loan principal amounts, permissible interest rates and charges, and the sale of credit-related and property insurance, while granting borrowers rights concerning repayment and prohibiting specified lending practices. Oversight runs through the banking superintendent, who examines licensees, receives annual reports, maintains a public list of licensees, and may impose disciplinary action for violations, subject to judicial review.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- Iowa Code § 536.1Title — license required
- Iowa Code § 536.10Examination of business — fee
- Iowa Code § 536.11Records — annual report by licensee
- Iowa Code § 536.12Restrictions on practices
- Iowa Code § 536.13Loan classifications, interest rates, and charges — report, penalty, and consumer credit code applicability
- Iowa Code § 536.14Rights of borrower — payments
- Iowa Code § 536.15Limitation on principal amount
- Iowa Code § 536.16Nonresident licensees — face-to-face solicitation
- Iowa Code § 536.19Violations
- Iowa Code § 536.2Application — fees
- Iowa Code § 536.20Nonapplicability of statute
- Iowa Code § 536.21Rules
- Iowa Code § 536.22Assistants
- Iowa Code § 536.23Judicial review
- Iowa Code § 536.24List of licensees by banking superintendent
- Iowa Code § 536.25Statement of indebtedness of borrower. Repealed by
- Iowa Code § 536.26Insured loans
- Iowa Code § 536.27Insurance related to property of borrower
- Iowa Code § 536.28Definitions
- Iowa Code § 536.29Enforcement of Iowa consumer credit code
- Iowa Code § 536.3Bond
- Iowa Code § 536.30Powers and duties of the superintendent — nationwide system
- Iowa Code § 536.4Grant or refusal of license
- Iowa Code § 536.5License — form — posting
- Iowa Code § 536.6Additional bond — available assets
- Iowa Code § 536.7Separate license — change of name or place of business
- Iowa Code § 536.7AChange in control — approval
- Iowa Code § 536.8Annual fee — payment
- Iowa Code § 536.9Disciplinary action
Enacted in other states
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