Iowa § 261F.4 Misleading identification — covered institution — lending institutions’ employees

Iowa Statutes

§ 261F.4 — Misleading identification — covered institution — lending institutions’ employees

Iowa § 261F.4

Title VIIEDUCATION, HISTORY, AND CULTURE

Ch. 261FEDUCATIONAL LOANS

This text of Iowa § 261F.4 (Misleading identification — covered institution — lending institutions’ employees) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 261F.4 (2026).

Text

employees.

1.A lending institution shall prohibit an employee or agent of the lending institution from being identified to borrowers or prospective borrowers of a covered institution as an employee, representative, or agent of the covered institution.

2.A covered institution shall prohibit an employee or agent of a lending institution from being identified as an employee, representative, or agent of the covered institution.

3.An employee, representative, or agent of a lending institution included on a covered institution’s preferred lending list shall not staff a covered institution’s financial aid offices or call center and shall not prepare any of the covered institution’s materials related to educational loans.

4.Acoveredinstitutionthathasenteredintoapreferredlenderarrangementwithal

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employees.
1. A lending institution shall prohibit an employee or agent of the lending institution
from being identified to borrowers or prospective borrowers of a covered institution as an
employee, representative, or agent of the covered institution.
2. A covered institution shall prohibit an employee or agent of a lending institution from
being identified as an employee, representative, or agent of the covered institution.
3. An employee, representative, or agent of a lending institution included on a covered
institution’s preferred lending list shall not staff a covered institution’s financial aid offices
or call center and shall not prepare any of the covered institution’s materials related to
educational loans.
4. Acoveredinstitutionthathasenteredintoapreferredlenderarrangementwithalender
regarding private educational loans shall not agree to the lender’s use of the name, emblem,
mascot, or logo of the institution, or other words, pictures, or symbols readily identified with
the institution, in the marketing of private educational loans to the students attending the
institution in any way that implies that the institution endorses the private educational loans
offered by the lender. However, the covered institution may allow the use of its name if it is
part of the lending institution’s legal name.
5. Nothing in this section shall prohibit a covered institution from requesting or accepting
the following assistance from a lender related to any of the following:
a. Providing educational counseling materials, financial literacy materials, or debt
management materials to borrowers, provided that such materials disclose to borrowers the
identification of any lender that assisted in preparing or providing such materials.
b. Staffing services on a short-term, nonrecurring basis to assist the institution with
financial aid-related functions during emergencies, including state-declared or federally
declared natural disasters, federally declared national disasters, and other localized disasters
and emergencies identified by the attorney general.
6. The attorney general shall adopt rules providing for the disclosure, for lenders with
a preferred lender arrangement, of philanthropic contributions made as specified in section
261F.1, subsection 5, paragraph “d”.