§ 536.1 Title — license required.
§ 536.2 Application — fees.
§ 536.3 Bond
§ 536.4 Grant or refusal of license
§ 536.5 License — form — posting.
§ 536.6 Additional bond — available assets.
§ 536.7 Separate license — change of name or place of business.
§ 536.7A Change in control — approval.
§ 536.8 Annual fee — payment.
§ 536.9 Disciplinary action
§ 536.10 Examination of business — fee.
§ 536.11 Records — annual report by licensee.
§ 536.12 Restrictions on practices
§ 536.13 Loan classifications, interest rates, and charges — report, penalty, and consumer credit code applicability.
§ 536.14 Rights of borrower — payments.
§ 536.15 Limitation on principal amount
§ 536.16 Nonresident licensees — face-to-face solicitation.
§ 536.19 Violations
§ 536.20 Nonapplicability of statute
§ 536.21 Rules
§ 536.22 Assistants
§ 536.23 Judicial review
§ 536.24 List of licensees by banking superintendent
§ 536.25 Statement of indebtedness of borrower
§ 536.26 Insured loans
§ 536.27 Insurance related to property of borrower
§ 536.28 Definitions
§ 536.29 Enforcement of Iowa consumer credit code
§ 536.30 Powers and duties of the superintendent — nationwide system.

Terms Used In Iowa Code > Chapter 536

  • Administrator: means the person designated in section 537. See Iowa Code 536.28
  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Consumer loan: means a loan as defined in section 537. See Iowa Code 536.28
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • 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
  • Forbearance: A means of handling a delinquent loan. A
  • Fraud: Intentional deception resulting in injury to another.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Licensee: means a person licensed under this chapter. See Iowa Code 536.28
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • month: means a calendar month, and the word "year" and the abbreviation "A. See Iowa Code 4.1
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • oath: includes affirmation in all cases where an affirmation may be substituted for an oath, and in like cases the word "swear" includes "affirm". See Iowa Code 4.1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • property: includes personal and real property. See Iowa Code 4.1
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • 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
  • Superintendent: means the state superintendent of banking. See Iowa Code 536.28
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes all the states. See Iowa Code 4.1
  • year: means twelve consecutive months. See Iowa Code 4.1