Iowa Code 714B.4 – Prize award required
Current as of: 2023 | Check for updates
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A sponsor of a prize who represents to a person that the person has been awarded a prize shall, no later than thirty days after making the representation, provide the person with the prize; with a voucher, certificate, or other document indicating the person’s unconditional right to receive the prize; or with either of the following items as selected by the person:
1. Any other prize listed in the written prize notice that is available and that is of equal or greater value.
Terms Used In Iowa Code 714B.4
- 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
- Person: means as defined in section 714. See Iowa Code 714B.1
- Prize: means a gift, award, cash award, or other merchandise of value that is offered or awarded to a person in a real or purported contest, competition, sweepstakes, puzzle, drawing, scheme, plan, or other selection process. See Iowa Code 714B.1
- Sponsor: means a person who awards another person a prize or who allows the person to receive, use, compete for, or obtain information about a prize. See Iowa Code 714B.1
2. The retail value of the prize, as stated in the written notice, in the form of cash, a money order, or a certified check.