§ 261F.1 Definitions
§ 261F.2 Code of conduct
§ 261F.3 Prohibitions — report.
§ 261F.4 Misleading identification — covered institution — lending institutions’ employees.
§ 261F.5 Loan disclosure — loan bundling — prohibitions.
§ 261F.6 Standards for preferred lender lists
§ 261F.7 Disclosure requirements
§ 261F.8 Penalties
§ 261F.9 Rules — investigation authority — enforcement.
§ 261F.10 Student lending education fund
§ 261F.11 Effect on other laws or regulations

Terms Used In Iowa Code > Chapter 261F

  • Borrower: means a student attending a covered institution in this state, or a parent or person in parental relation to such student, who obtains an educational loan from a lending institution to pay for or finance a student's higher education expenses. See Iowa Code 261F.1
  • Covered institution: includes an authorized agent of the educational institution, including an alumni association, booster club, or other organization directly or indirectly associated with or authorized by the institution or an employee of the institution. See Iowa Code 261F.1
  • Covered institution employee: means any employee, agent, contract employee, director, officer, or trustee of a covered institution. See Iowa Code 261F.1
  • Educational loan: means any loan that is made, insured, or guaranteed under Tit. See Iowa Code 261F.1
  • 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
  • Gift: includes a gift of services, transportation, lodging, or meals, whether provided in kind, by purchase of a ticket, payment in advance, or reimbursement after the expense has been incurred. See Iowa Code 261F.1
  • Internet: means the federated international system that is composed of allied electronic communication networks linked by telecommunication channels, that uses standardized protocols, and that facilitates electronic communication services, including but not limited to use of the world wide web; the transmission of electronic mail or messages; the transfer of files and data or other electronic information; and the transmission of voice, image, and video. See Iowa Code 4.1
  • Internet site: means a specific location on the internet that is determined by internet protocol numbers, by a domain name, or by both, including but not limited to domain names that use the designations ". See Iowa Code 4.1
  • lending institution: means a creditor as defined in section 103 of the federal Truth in Lending Act, 15 U. See Iowa Code 261F.1
  • person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
  • Preferred lender arrangement: means an arrangement or agreement between a lender and a covered institution under which the lender provides or otherwise issues educational loans to borrowers and which relates to the covered institution recommending, promoting, or endorsing the educational loan product of the lender. See Iowa Code 261F.1
  • Preferred lender list: means a list of at least three recommended or suggested, unaffiliated lending institutions that a covered institution makes available for use, in print or any other medium or form, by borrowers, prospective borrowers, or others. See Iowa Code 261F.1
  • Private educational loan: means a private loan provided by a lender that is not made, insured, or guaranteed under Tit. See Iowa Code 261F.1
  • Revenue sharing arrangement: means an arrangement between a covered institution and a lender in which the lender provides or issues educational loans to persons attending the institution or on behalf of persons attending the institution and the covered institution recommends the lender or the educational loan products of the lender, in exchange for which the lender pays a fee or provides other material benefits, including revenue or profit sharing, to the institution or officers, employees, or agents of the institution. See Iowa Code 261F.1
  • Rule: includes "regulation". See Iowa Code 4.1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
  • year: means twelve consecutive months. See Iowa Code 4.1