Iowa Code 536A.13 – Books and records
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Terms Used In Iowa Code 536A.13
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Industrial loan company: shall mean a corporation operating under the provisions of this chapter and engaged in the business of loaning money to be repaid in one payment or in weekly, monthly or other periodic installments and the charging, receiving or requiring of interest, discount, fees, compensation or charges of whatever nature or kind for the use of such money and for the services to be rendered to the borrower in connection with the loan. See Iowa Code 536A.2
- Licensee: means a person licensed under this chapter. See Iowa Code 536A.2
- Superintendent: means the superintendent of banking within the banking division of the department of commerce. See Iowa Code 536A.2
- year: means twelve consecutive months. See Iowa Code 4.1
Each industrial loan company shall keep such books, accounts and records as will enable the superintendent to determine whether or not the licensee is complying with the provisions of this chapter. Industrial loan companies shall not be required to preserve or keep their records or files for a longer period than eleven years next after the first day of January of the year following the time of the making or filing of such records or files.