2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 523C - RESIDENTIAL SERVICE CONTRACTS
523C.13 - PROHIBITED ACTS OR PRACTICES -- PENALTY.

        523C.13  PROHIBITED ACTS OR PRACTICES -- PENALTY.
         The commissioner shall adopt rules which regulate residential
      service contracts to prohibit misrepresentation, false advertising,
      defamation, boycotts, coercion, intimidation, false statements and
      entries and unfair discrimination or practices.  If the commissioner
      finds that a person has violated the rules adopted under this
      section, the commissioner may order any or all of the following:
         1.  Payment of a civil penalty of not more than one thousand
      dollars for each and every act or violation, but not to exceed an
      aggregate of ten thousand dollars, unless the person knew or
      reasonably should have known the person was in violation of this
      section, in which case the penalty shall be not more than five
      thousand dollars for each and every act or violation, but not to
      exceed an aggregate penalty of fifty thousand dollars in any one
      six-month period.  The commissioner shall, if it finds the violations
      of this section were directed, encouraged, condoned, ignored, or
      ratified by the employer of such person, assess such fine to the
      employer and not such person.  Any civil penalties collected under
      this subsection shall be deposited as provided in section 505.7.
         2.  Suspension or revocation of the license of a person, if the
      person knew or reasonably should have known the person was in
      violation of this section.  

         Section History: Recent Form

         83 Acts, ch 87, § 14; 92 Acts, ch 1078, § 7; 2009 Acts, ch 181,
      §99
         Referred to in § 523C.9, 523C.17 

         Footnotes

         For future repeal of 2009 amendment to subsection 1, effective
      July 1, 2011, see 2009 Acts, ch 179, §146