536A.3 License.
With respect to a loan other than a consumer loan, a person shall not engage in the business of operating an industrial loan company in this state without first having obtained a license from the superintendent. With respect to a consumer loan, a person required by section 537.2301 to have a license is not authorized to engage in the business of operating an industrial loan company without first obtaining a license from the superintendent. A person that enters into less than ten supervised loans per year in this state and that neither has an office physically located in this state nor engages in face-to-face solicitation in this state may contract for and receive the rate of interest permitted in this chapter for licensees in this chapter. A “consumer loan” means the same as defined in section 537.1301.
[C66, 71, 73, 75, 77, 79, 81, §536A.3]
86 Acts, ch 1245, §758
Referred to in §536A.27
Structure Iowa Code
Chapter 536A - INDUSTRIAL LOANS
Section 536A.6 - Administration by superintendent.
Section 536A.7 - Application for license.
Section 536A.8 - Capital stock requirement.
Section 536A.9 - Investigation of application.
Section 536A.10 - Issuance of license.
Section 536A.11 - Denial of license.
Section 536A.12 - Continuing license — annual fee — change of name or location — change of control.
Section 536A.13 - Books and records.
Section 536A.15 - Examination of licensees.
Section 536A.16 - Cease and desist orders.
Section 536A.17 - Injunctions.
Section 536A.18 - Disciplinary action.
Section 536A.19 - Receivership — liquidation.
Section 536A.20 - Real estate loans.
Section 536A.21 - Other business in same office.
Section 536A.22 - Thrift certificates.
Section 536A.23 - Powers of industrial loan companies.
Section 536A.24 - Electronic transactions.
Section 536A.25 - Restrictions.
Section 536A.29 - Enforcement of Iowa consumer credit code.
Section 536A.30 - Nonresident licensees — face-to-face solicitation.
Section 536A.31 - Applicability of Iowa consumer credit code.
Section 536A.32 - Powers and duties of the superintendent — nationwide system.