Iowa Code § 535C.2A

Current through bills signed by governor as of 5/17/2024
Section 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.

Iowa Code § 535C.2A

93 Acts, ch 60, §15

Referred to in §714.16