535B.8 Operating without a license.
A person who, without first obtaining a license under this chapter, engages in the business or occupation of, or advertises or holds the person out as, or claims to be, or temporarily acts as, a mortgage banker, mortgage broker, or closing agent in this state is guilty of a class “D” felony and may be prosecuted by the attorney general or a county attorney.
88 Acts, ch 1146, §8; 2008 Acts, ch 1160, §21; 2009 Acts, ch 61, §31, 39; 2010 Acts, ch 1111, §6, 13
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.