535B.6 Licensing of certain corporations.
1. An applicant that is incorporated under the laws of another state in the United States must be authorized to do business in this state. Such a corporation shall file with the license application both of the following:
a. An irrevocable consent, duly acknowledged, that suits and actions may be commenced against that licensee in the courts of this state by service of process in the usual manner provided for by the statutes and court rules of this state.
b. Proof of authorization to do business in this state.
2. Businesses that are incorporated outside of the United States are not eligible for a license.
88 Acts, ch 1146, §6; 2011 Acts, ch 102, §7
Structure Iowa Code
Chapter 535B - MORTGAGE BANKERS, MORTGAGE BROKERS, AND CLOSING AGENTS
Section 535B.2A - Closing agents affiliated with attorneys.
Section 535B.3 - Registration.
Section 535B.4 - General licensing requirements.
Section 535B.4A - Individual registration requirements — fees.
Section 535B.5 - Granting and denial of license.
Section 535B.6 - Licensing of certain corporations.
Section 535B.6A - Change of name — change of control — notice and approval required.
Section 535B.7 - Disciplinary action.
Section 535B.7A - Prohibited acts.
Section 535B.8 - Operating without a license.
Section 535B.9 - Bonds required of license applicants.
Section 535B.9A - Continuing education requirements.
Section 535B.10 - Investigations and examinations.
Section 535B.11 - Servicing mortgages and payoffs.
Section 535B.12 - Payment processing.
Section 535B.13 - Civil enforcement authority.
Section 535B.14 - Administrative authority.
Section 535B.15 - Liability of state.
Section 535B.16 - Notice to administrator.
Section 535B.17 - Powers and duties of the administrator — waiver authority.
Section 535B.18 - Mortgage call reports.
Section 535B.19 - Trust account requirements for closing agents.