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2016 Iowa Code
Title XIII - COMMERCE
Chapter 535C - LOAN BROKERS
Section 535C.2A - Prohibition on advance fees.

IA Code § 535C.2A (2016) What's This?

535C.2A

Prohibition on advance fees.

A loan broker shall not directly or indirectly solicit, receive, or accept from a borrower an advance fee as consideration for providing services as a loan broker. A loan broker’s fee may only be assessed or collected from a borrower after the successful procurement of a loan or issuance of a credit card.

93 Acts, ch 60, §15

Referred to in §714.16

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