Iowa Administrative Code
Agency 187 - BANKING DIVISION
Chapter 16 - INDUSTRIAL LOANS
Rule 187-16.13 - Restrictions on making industrial loans
Universal Citation: IA Admin Code 187-16.13
Current through Register Vol. 46, No. 19, March 20, 2024
A licensee shall adhere to the following restrictions related to making industrial loans.
(1) Jurisdiction. A licensee shall have authority to make and complete loans by mail, or by comparable electronic means, from the lender's licensed office. However, all loans made to Iowa residents pursuant to Iowa Code chapters 536A and 537 must comply with all applicable Iowa laws.
(2) Default charge. Default charges are not to be collected from a borrower if payment is made by a credit accident and health insurance claim.
(3) Branch locations. Licensees may not establish branch locations outside of the United States.
Disclaimer: These regulations may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
