Iowa § 533D.10 Prohibited acts by licensee

Iowa Statutes

§ 533D.10 — Prohibited acts by licensee

Iowa § 533D.10

Title XIIICOMMERCE

Ch. 533DDELAYED DEPOSIT SERVICES

This text of Iowa § 533D.10 (Prohibited acts by licensee) 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 § 533D.10 (2026).

Text

1.A licensee shall not do any of the following:

a.Hold from any one maker more than two checks at any one time.

b.Hold from any one maker a check or checks in an aggregate face amount of more than five hundred dollars at any one time.

c.Hold or agree to hold a check for more than thirty-one days.

d.Require the maker to receive payment by a method which causes the maker to pay additional or further fees and charges to the licensee or another person.

e.Repay, refinance, or otherwise consolidate a postdated check transaction with the proceeds of another postdated check transaction made by the same licensee.

f.Receive any other charges or fees in addition to the fees listed in section 533D.9, subsections 1 and 2.

2.For purposes of this section, “licensee” includes a person related to t

Free access — add to your briefcase to read the full text and ask questions with AI

1. A licensee shall not do any of the following:
a. Hold from any one maker more than two checks at any one time.
b. Hold from any one maker a check or checks in an aggregate face amount of more than
five hundred dollars at any one time.
c. Hold or agree to hold a check for more than thirty-one days.
d. Require the maker to receive payment by a method which causes the maker to pay
additional or further fees and charges to the licensee or another person.
e. Repay, refinance, or otherwise consolidate a postdated check transaction with the
proceeds of another postdated check transaction made by the same licensee.
f. Receive any other charges or fees in addition to the fees listed in section 533D.9,
subsections 1 and 2.
2. For purposes of this section, “licensee” includes a person related to the licensee by
common ownership or control, a person in whom the licensee has any financial interest, or
any employee or agent of the licensee.