Iowa § 536A.27 Penalty

Iowa Statutes

§ 536A.27 — Penalty

Iowa § 536A.27

Title XIIICOMMERCE

Ch. 536AINDUSTRIAL LOANS

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Bluebook

Iowa Code § 536A.27 (2026).

Text

If any officer, director, or agent of any corporation engaged in the business of operating
an industrial loan company shall violate any of the provisions of this chapter which are not
also violations of the Iowa consumer credit code, chapter 537; or if any person individually
or as a partner, or officer, director, or agent of any corporation shall engage in the business
of operating an industrial loan company without obtaining the license required by section
536A.3, when that person is not required by section 537.2301 to have a license, the person
shallbeguiltyofaseriousmisdemeanor. ViolationsoftheIowaconsumercreditcode,chapter
537, shall be subject to the penalties provided therein.

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If any officer, director, or agent of any corporation engaged in the business of operating
an industrial loan company shall violate any of the provisions of this chapter which are not
also violations of the Iowa consumer credit code, chapter 537; or if any person individually
or as a partner, or officer, director, or agent of any corporation shall engage in the business
of operating an industrial loan company without obtaining the license required by section
536A.3, when that person is not required by section 537.2301 to have a license, the person
shallbeguiltyofaseriousmisdemeanor. ViolationsoftheIowaconsumercreditcode,chapter
537, shall be subject to the penalties provided therein.