536.6 Additional bond — available assets.
1. If the superintendent finds at any time that the bond is insecure or exhausted or otherwise of doubtful validity or collectibility, an additional bond to be approved by the superintendent, with one or more sureties and of the character specified in section 536.3, in a sum not to exceed that amount determined pursuant to section 536.3, shall be filed by the licensee within ten days after written demand upon the licensee by the superintendent.
2. Every licensee shall have available at all times for each licensed place of business at least five thousand dollars in assets, either in liquid form or actually in use in the conduct of such business.
[C24, 27, 31, §9437; C35, §9438-f6; C39, §9438.06; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §536.6]
2008 Acts, ch 1160, §26; 2009 Acts, ch 61, §41, 47
Structure Iowa Code
Section 536.1 - Title — license required.
Section 536.2 - Application — fees.
Section 536.4 - Grant or refusal of license.
Section 536.5 - License — form — posting.
Section 536.6 - Additional bond — available assets.
Section 536.7 - Separate license — change of name or place of business.
Section 536.7A - Change in control — approval.
Section 536.8 - Annual fee — payment.
Section 536.9 - Disciplinary action.
Section 536.10 - Examination of business — fee.
Section 536.11 - Records — annual report by licensee.
Section 536.12 - Restrictions on practices.
Section 536.14 - Rights of borrower — payments.
Section 536.15 - Limitation on principal amount.
Section 536.16 - Nonresident licensees — face-to-face solicitation.
Section 536.20 - Nonapplicability of statute.
Section 536.23 - Judicial review.
Section 536.24 - List of licensees by banking superintendent.
Section 536.25 - Statement of indebtedness of borrower.
Section 536.26 - Insured loans.
Section 536.27 - Insurance related to property of borrower.
Section 536.29 - Enforcement of Iowa consumer credit code.
Section 536.30 - Powers and duties of the superintendent — nationwide system.