Iowa § 533.507 False statements for credit — fraudulent practice

Iowa Statutes

§ 533.507 — False statements for credit — fraudulent practice

Iowa § 533.507

Title XIIICOMMERCE

Ch. 533CREDIT UNIONS

This text of Iowa § 533.507 (False statements for credit — fraudulent practice) 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 § 533.507 (2026).

Text

A person who knowingly makes or causes to be made, directly or indirectly, any false
statement in writing, or who procures, knowing that a false statement in writing has been
made concerning the financial condition or means or ability to pay of such person or any
other person in which such person is interested or for whom such person is acting with the
intent that such statement shall be relied upon by a state credit union for the purpose of
procuring the delivery of property, the payment of cash, or the receipt of credit in any form,
for the benefit of such person or of any other person in which such person is interested or for
whom such person is acting, is guilty of a fraudulent practice.

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A person who knowingly makes or causes to be made, directly or indirectly, any false
statement in writing, or who procures, knowing that a false statement in writing has been
made concerning the financial condition or means or ability to pay of such person or any
other person in which such person is interested or for whom such person is acting with the
intent that such statement shall be relied upon by a state credit union for the purpose of
procuring the delivery of property, the payment of cash, or the receipt of credit in any form,
for the benefit of such person or of any other person in which such person is interested or for
whom such person is acting, is guilty of a fraudulent practice.