2016 Iowa Code
Title XIII - COMMERCE
Chapter 535C - LOAN BROKERS
Section 535C.12 - Records.
535C.12
Records.
1. A loan broker shall maintain accurate records relating to transactions regulated under this chapter. The records shall include all of the following:
a. The accounts of the broker.
b. A copy of each contract in which the broker is a party, including loan brokerage agreements.
c. The amount of receipts received by the broker and the date the receipts were received.
2. The broker shall retain each loan brokerage agreement entered into by the broker and records pertaining to each agreement for at least two years after the agreement expires.
91 Acts, ch 205, §24; 93 Acts, ch 60, §21
Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
