Iowa § 524.912 Customer shall be free to obtain own insurance and loan

Iowa Statutes

§ 524.912 — Customer shall be free to obtain own insurance and loan

Iowa § 524.912

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.912 (Customer shall be free to obtain own insurance and loan) 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 § 524.912 (2026).

Text

In any case in which any kind of insurance is required by the state bank as a condition
for lending money or in connection with any other transaction, the customer shall be free
to obtain such insurance from a source of the customer’s selection. In the case of a sale of
shares of stock, bonds, or other securities, or real property by an officer or employee, which
is authorized by the board of directors of a state bank in the manner provided for in section
524.710, subsection 2, the purchaser shall be free to obtain a loan for the purchase of such
stock, bonds, or other securities, or real property from a lender of the purchaser’s selection.

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In any case in which any kind of insurance is required by the state bank as a condition
for lending money or in connection with any other transaction, the customer shall be free
to obtain such insurance from a source of the customer’s selection. In the case of a sale of
shares of stock, bonds, or other securities, or real property by an officer or employee, which
is authorized by the board of directors of a state bank in the manner provided for in section
524.710, subsection 2, the purchaser shall be free to obtain a loan for the purchase of such
stock, bonds, or other securities, or real property from a lender of the purchaser’s selection.