Iowa § 536A.21 Other business in same office

Iowa Statutes

§ 536A.21 — Other business in same office

Iowa § 536A.21

Title XIIICOMMERCE

Ch. 536AINDUSTRIAL LOANS

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Bluebook

Iowa Code § 536A.21 (2026).

Text

A licensee engaged in the business of operating an industrial loan company under the
provisions of this chapter may not conduct its business within any office, room, suite, place of
business,orpremisesinwhichcommercialactivitiesareconducted,unlesstheplacewhereits
businessisconductedbytheindustrialloancompanyisphysicallyseparatedfromthelocation
where commercial activities are conducted and has a separate entrance. The prohibition
of this section shall not apply to the conduct of business if, prior to January 1, 2006, the
superintendent has determined in writing that the character of the other business is such that
its operation by the licensee would not facilitate evasions of the provisions of this chapter or
any other provision of the Code relating to the making of loans.

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A licensee engaged in the business of operating an industrial loan company under the
provisions of this chapter may not conduct its business within any office, room, suite, place of
business,orpremisesinwhichcommercialactivitiesareconducted,unlesstheplacewhereits
businessisconductedbytheindustrialloancompanyisphysicallyseparatedfromthelocation
where commercial activities are conducted and has a separate entrance. The prohibition
of this section shall not apply to the conduct of business if, prior to January 1, 2006, the
superintendent has determined in writing that the character of the other business is such that
its operation by the licensee would not facilitate evasions of the provisions of this chapter or
any other provision of the Code relating to the making of loans.