reglab/housing_qa huggingface dataset:
IA Code § 536A.22 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.22 - Thrift certificates.

536A.22 Thrift certificates.   1. Licensed industrial loan companies shall not sell senior debt to the general public in the form of thrift certificates, installment thrift certificates, certificates of indebtedness, promissory notes, or similar evidences of indebtedness.   2. a. Licensees selling debt instruments on January 1, 1996, may continue to do so until there is a change of control of the licensee which occurs on or after January 1, 1996. If there is a change of control of a licensee on or after January 1, 1996, and the licensee has sold senior debt instruments that remain outstanding at the time of the change of control, such outstanding senior debt instruments that do not have a stated maturity date shall be redeemed within six months of the date of the change of control. Such outstanding senior debt instruments with stated maturity dates shall be redeemed on their stated maturity dates.   b. The total amount of such thrift certificates, installment thrift certificates, certificates of indebtedness, promissory notes, or similar evidences of indebtedness outstanding and in the hands of the general public shall not at any time exceed ten times the total amount of capital, surplus, undivided profits, and subordinated debt that gives priority to such securities of the issuing industrial loan company. The sale of such securities is subject to the provisions of chapter 502 and rules adopted by the superintendent of banking pursuant to chapter 17A, except that the sale of thrift certificates or installment thrift certificates which are redeemable by the holder either upon demand or within a period not in excess of five years are exempt from sections 502.301 and 502.504.  [C66, 71, 73, 75, 77, 79, 81, §536A.22; 82 Acts, ch 1253, §39]  91 Acts, ch 63, §3; 93 Acts, ch 96, §1; 96 Acts, ch 1159, §3; 2004 Acts, ch 1161, §67, 68; 2006 Acts, ch 1015, §17; 2007 Acts, ch 170, §6
IA Code § 536A.24 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.24 - Electronic transactions.

536A.24 Electronic transactions.   A licensee may engage in any transaction otherwise permitted by this chapter and applicable law, by means of either the direct transmission of electronic impulses or other indicia of a transaction for delayed transmission to the licensee. Subject to the provisions of chapter 527, a licensee may utilize, establish or operate, alone or with one or more other licensees, banks incorporated under the provisions of chapter 524 or federal law, credit unions incorporated under the provisions of chapter 533 or federal law, savings and loan associations incorporated under the provisions of federal law, or third parties, the satellite terminals permitted under chapter 527, by means of which the licensee may transmit to or receive from any customer electronic impulses constituting transactions pursuant to this section. However, such utilization, establishment or operation is lawful only when in compliance with chapter 527. Nothing in this section authorizes a licensee or other person to engage in transactions not otherwise permitted by applicable law, nor does anything in this section repeal, replace or in any other way affect any applicable law or rule regarding the maintenance of or access to financial information maintained by a licensee.  [C81, §536A.24]  2012 Acts, ch 1017, §137
IA Code § 536A.25 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.25 - Restrictions.

536A.25 Restrictions.   1. a. An industrial loan company licensed under this chapter that sells debt instruments to the general public in the form of thrift certificates, installment thrift certificates, certificates of indebtedness, promissory notes, or similar evidences of indebtedness shall not make a loan of money or property to or guarantee the obligations of its directors or officers; or loan to any borrower, other than a subsidiary or affiliated corporation, more than twenty percent of its total capital, surplus, and undivided profits.   b. A licensee shall not make a loan under any other name or at any other place of business than that named in the license.   2. a. An industrial loan company licensed under this chapter that sells debt instruments to the general public in the form of thrift certificates, installment thrift certificates, certificates of indebtedness, promissory notes, or similar evidences of indebtedness, shall not loan to a borrower, including a subsidiary or an affiliated corporation, more than twenty percent of the industrial loan company’s total of capital, surplus, and undivided profits. The aggregate of all loans to subsidiaries and affiliated corporations of the industrial loan company shall not exceed ten percent of the industrial loan company’s total assets.   b. A debt instrument sold by an industrial loan company which is not insured by the federal deposit insurance corporation, shall contain on its face a notice in bold print that the debt instrument is not insured or guaranteed by the federal deposit insurance corporation.   3. Investments by an industrial loan company licensed under this chapter that sells debt instruments to the general public in the form of thrift certificates, installment thrift certificates, certificates of indebtedness, promissory notes, or similar evidences of indebtedness are subject to the provisions of section 524.901 as applied to state banks.  [C66, 71, 73, 75, 77, 79, 81, §536A.25]  91 Acts, ch 63, §4; 2006 Acts, ch 1042, §46; 2012 Acts, ch 1023, §157
IA Code § 536A.26 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.26 - Prepayment.

536A.26 Prepayment.   In addition to the requirements of the Iowa consumer credit code, chapter 537, respecting consumer loans, and notwithstanding the provisions of any note or contract to the contrary, a borrower may, at any time, prepay all or any part of the unpaid balance to become payable under any note or installment contract.  [C66, 71, 73, 75, 77, 79, 81, §536A.26]  2003 Acts, ch 44, §114
IA Code § 536A.27 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.27 - Penalty.

536A.27 Penalty.   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 shall be guilty of a serious misdemeanor. Violations of the Iowa consumer credit code, chapter 537, shall be subject to the penalties provided therein.  [C66, 71, 73, 75, 77, 79, 81, §536A.27]  2003 Acts, ch 44, §114
IA Code § 536A.28 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.28 - Rules.

536A.28 Rules.   The superintendent is hereby authorized and empowered to make such reasonable and relevant rules, not inconsistent herewith, as may be necessary for the enforcement of the provisions of this chapter.  [C66, 71, 73, 75, 77, 79, 81, §536A.28]
IA Code § 536A.29 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.29 - Enforcement of Iowa consumer credit code.

536A.29 Enforcement of Iowa consumer credit code.   1. The superintendent shall enforce the Iowa consumer credit code, chapter 537, with respect to licensees, as provided in sections 537.2303, 537.2305 and 537.6105.   2. The superintendent shall cooperate with the administrator, and shall assist the administrator whenever necessary to provide for the discharge of the duties of the administrator.   3. Notwithstanding other provisions of this chapter to the contrary, the superintendent shall authorize to be furnished to the administrator, access to or copies of records in the possession of the superintendent or other persons which relate to a licensee when necessary to enable the administrator to enforce chapter 537.   4. The superintendent shall make an annual report in writing to the administrator. A copy of the report shall be furnished at cost by the superintendent to each licensee or other person upon request. The annual report shall contain:   a. A summary of license applications approved or denied by the superintendent since the last report.   b. A summary of the assets, liabilities and capital structure of all licensees, and volume of consumer installment credit outstanding per licensee, as of December 31 of the year for which the report is made.   c. An estimate of the disbursements of agency funds for consumer credit protection during the calendar year ending the preceding December 31.   d. Information which the superintendent may deem appropriate and advisable to disclose.   e. Information which the administrator may require to be included.  [C75, 77, 79, 81, §536A.29]  2003 Acts, ch 44, §114
IA Code § 536A.30 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.30 - Nonresident licensees — face-to-face solicitation.

536A.30 Nonresident licensees — face-to-face solicitation.   Notwithstanding other provisions of this chapter to the contrary, a person that neither has an office physically located in this state nor engages in face-to-face solicitation in this state, if authorized by another state to make loans in that state at a rate of finance charge in excess of the rate provided in chapter 535, shall not be subject to the following provisions of this chapter:   1. Section 536A.8.   2. Section 536A.10, subsection 1, paragraphs “b”, “c”, and “d”.   3. Section 536A.15, to the extent it requires the superintendent to make an examination and audit of the books, accounts and records of the licensee on a periodic basis.  [C75, 77, 79, 81, §536A.30]  89 Acts, ch 257, §30; 2002 Acts, ch 1119, §185; 2006 Acts, ch 1042, §47; 2012 Acts, ch 1023, §156
IA Code § 536A.31 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.31 - Applicability of Iowa consumer credit code.

536A.31 Applicability of Iowa consumer credit code.   1. The provisions of the Iowa consumer credit code, chapter 537, shall apply to a consumer loan in which the licensee participates or engages, and any violation of the said code shall be a violation of this chapter.   2. Chapter 537, article 2, parts 3, 5, and 6, chapter 537, article 3, and sections 537.3203, 537.3206, 537.3209, 537.3210, 537.3304, 537.3305, and 537.3306 shall apply to any credit transaction, as defined in section 537.1301, in which a licensee participates or engages, and any violation of those parts or sections shall be violations of this chapter. For the purpose of applying the provisions of the Iowa consumer credit code, chapter 537, to those credit transactions, “consumer loan” shall include a loan for a business purpose.   3. Except as provided in this subsection, the provisions of the Iowa consumer credit code, chapter 537, apply to loans regulated by this chapter and supersede conflicting provisions of this chapter. Section 537.2402, subsection 1, does not apply to loans regulated by this chapter.  [C75, 77, 79, 81, §536A.31]  84 Acts, ch 1205, §3; 2003 Acts, ch 44, §114; 2010 Acts, ch 1028, §13; 2013 Acts, ch 30, §134
IA Code § 536A.32 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536A - INDUSTRIAL LOANS|Section 536A.32 - Powers and duties of the superintendent — nationwide system.

536A.32 Powers and duties of the superintendent — nationwide system.   In addition to any other duties imposed upon the superintendent by law, the superintendent may require applicants and licensees to be licensed through the nationwide mortgage licensing system and registry as defined in section 535D.3. In order to carry out this requirement, the superintendent may participate in the nationwide mortgage licensing system and registry. For this purpose, the superintendent may establish by rule or order new requirements as necessary, including but not limited to requirements that applicants, including officers and directors and those who have control of the applicant, submit to fingerprinting and criminal history checks, and pay fees therefor.  2009 Acts, ch 61, §46, 47
IA Code § 536C.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.1 - Title.

536C.1 Title.   This chapter shall be known and may be cited as the “Lender Credit Card Act”.  91 Acts, ch 216, §15
IA Code § 536C.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.2 - Definitions.

536C.2 Definitions.   As used in this chapter, unless the context otherwise requires:   1. “Administrator” means the superintendent of banking or the superintendent of credit unions. However, the powers of administration and enforcement of this chapter are to be exercised pursuant to section 536C.14.   2. “Agreement” means agreement as defined in section 537.1301, subsection 4.   3. “Cardholder” means cardholder as defined in section 537.1301, subsection 8.   4. “Consumer credit transaction” means consumer credit transaction as defined in section 537.1301, subsection 12.   5. “Credit card” means a card or device issued by a financial institution under an arrangement pursuant to which a card issuer gives a cardholder the privilege of purchasing or leasing property, or purchasing services, obtaining loans, or otherwise obtaining credit from at least one hundred persons not related to the card issuer.   6. “Financial institution” means a bank incorporated under the provisions of any state or federal law, a savings and loan association incorporated under the provisions of any state or federal law, a credit union organized under the provisions of any state or federal law, and any affiliate of such bank, savings and loan association, or credit union.   7. “Person” means any individual, firm, corporation, partnership, joint venture, or association, and any other organization or group, however organized.  91 Acts, ch 216, §16; 2012 Acts, ch 1017, §138  Referred to in §715C.1
IA Code § 536C.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.3 - Exemptions.

536C.3 Exemptions.   This chapter does not apply to a bank chartered under chapter 524 or a bank chartered under federal law which has its principal place of business located in this state, a savings and loan association chartered under federal law which has its principal place of business located in this state, a credit union chartered under chapter 533 or a credit union chartered under federal law which has its principal place of business located in this state, regulated loan companies licensed under chapter 536, or industrial loan companies licensed under chapter 536A.  91 Acts, ch 216, §17; 2012 Acts, ch 1017, §139  Referred to in §536C.14
IA Code § 536C.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.4 - Notification.

536C.4 Notification.   1. A person shall file a registration statement annually with the administrator before conducting the business of issuing credit cards in this state, and annually thereafter on or before January 31 of each year. The registration statement shall be in writing on a form prescribed by the administrator, and contain the name and address of the registrant, the name and address of a designated agent upon whom service of process may be made in this state, and any other information the administrator deems relevant.   2. At the time of filing a registration statement the person shall provide the administrator with a copy of the credit agreement and billing statement being used by the card issuer.   3. If information in a filing statement becomes inaccurate after filing, the person shall notify the administrator in writing of the changes within sixty days of such change.  91 Acts, ch 216, §18  Referred to in §536C.12
IA Code § 536C.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.5 - Fees.

536C.5 Fees.   A person required to file a registration statement pursuant to this chapter shall pay to the administrator an annual fee of fifty dollars. The fee shall be paid at the time the person files the registration statement.  91 Acts, ch 216, §19
IA Code § 536C.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.6 - Applicability of Iowa consumer credit code.

536C.6 Applicability of Iowa consumer credit code.   1. The terms and conditions of a credit card agreement shall conform to the provisions of chapter 537, the Iowa consumer credit code.   2. A provision of the Iowa consumer credit code, chapter 537, applicable to credit cards regulated by this chapter supersedes a conflicting provision of this chapter.   3. A person who is in full compliance with the provisions of this chapter is considered a supervised financial organization under the Iowa consumer credit code, chapter 537, for purposes of contracting for finance charges authorized for credit card issuers under section 537.2402.  91 Acts, ch 216, §20; 2003 Acts, ch 44, §114
IA Code § 536C.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.7 - Books and records.

536C.7 Books and records.   A person who issues credit cards shall keep such books, accounts, and records as will enable the administrator to determine whether or not the person is complying with the provisions of this chapter and chapter 537. The person shall not be required to preserve or keep their records or files for a longer period than three years following the date of the final payment.  91 Acts, ch 216, §21
IA Code § 536C.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.8 - Investigations.

536C.8 Investigations.   1. The administrator may investigate at any time the business of a credit card issuer subject to the provisions of this chapter. The administrator may examine the books, records, accounts, and files pertaining to the business of issuing credit cards subject to the provisions of this chapter.   2. The administrator may accept a copy of an examination conducted by a state or federal regulator in lieu of an investigation or examination by the administrator.   3. If an investigation or examination is performed by the administrator under this section, the credit card issuer shall pay to the administrator a fee based on the actual cost of such investigation or examination as determined by the administrator.   4. Upon completion of an investigation or examination by the administrator, the examiner shall render a billing in triplicate, with one copy to be delivered to the credit card issuer and two copies to be delivered to the administrator. Failure to pay the fee to the administrator within thirty days after the billing for the investigation or examination is delivered shall subject the credit card issuer to an additional fee of five percent of the amount of the original fee for each day the payment is delinquent.  91 Acts, ch 216, §22
IA Code § 536C.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.9 - Cease and desist orders.

536C.9 Cease and desist orders.   1. If the administrator has reasonable cause to believe a person who issues credit cards is violating any provision of this chapter, or rules adopted pursuant to this chapter, the administrator may enter a written order requiring the person to cease, desist, and refrain from an act constituting a violation. A copy of the order shall be sent to the person by certified mail. The person may file with the administrator a written notice of appeal within fifteen days of receipt of the order. The person may also request that the order be stayed pending resolution of the appeal. The appellant shall be entitled to prompt consideration of the request to stay the order.   2. Within thirty days after receipt of a notice of appeal the administrator shall hold a hearing to consider the appeal. The appellant shall be informed regarding the time and place of the hearing not later than ten days prior to the hearing. The administrator’s decision shall be provided, in writing, to the appellant within thirty days of the completion of the hearing.  91 Acts, ch 216, §23
IA Code § 536C.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.10 - Injunctions.

536C.10 Injunctions.   The administrator may commence an action in the district court to restrain and enjoin any person from violating this chapter, or to restrain and enjoin any person from engaging in the business of issuing credit cards without filing a registration statement as required by this chapter.  91 Acts, ch 216, §24
IA Code § 536C.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.11 - Waiver unenforceable.

536C.11 Waiver unenforceable.   A waiver of the provisions of this chapter or chapter 537 is not valid.  91 Acts, ch 216, §25
IA Code § 536C.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.12 - Penalty.

536C.12 Penalty.   If an officer, director, or agent of a corporation engaged in the business of issuing credit cards violates any of the provisions of this chapter which are not also violations of the Iowa consumer credit code, chapter 537, or if a person individually or as a partner, or officer, director, or agent of a corporation engages in the business of issuing credit cards without filing the registration statement required by section 536C.4, the person is guilty of a serious misdemeanor. Violations of this chapter which are also violations of the Iowa consumer credit code, chapter 537, shall be subject to the penalties provided in the Iowa consumer credit code, chapter 537.  91 Acts, ch 216, §26; 2003 Acts, ch 44, §114
IA Code § 536C.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.13 - Rules.

536C.13 Rules.   The administrator may adopt such rules pursuant to chapter 17A as may be necessary for the enforcement and administration of this chapter.  91 Acts, ch 216, §27
IA Code § 536C.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 536C - LENDER CREDIT CARDS|Section 536C.14 - Enforcement.

536C.14 Enforcement.   1. The superintendent of banking shall enforce the provisions of this chapter with respect to banks not exempt from the provisions of this chapter under section 536C.3.   2. The superintendent of credit unions shall enforce the provisions of this chapter with respect to credit unions not exempt from the provisions of this chapter under section 536C.3.  91 Acts, ch 216, §28; 2012 Acts, ch 1017, §140  Referred to in §536C.2
IA Code § 537.1101 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 537 - CONSUMER CREDIT CODE|Section 537.1101 - Short title.

537.1101 Short title.   Articles 1 through 7 of this chapter shall be known and may be cited as the “Iowa Consumer Credit Code”.  [C75, 77, 79, 81, §537.1101]  2020 Acts, ch 1063, §310  Section amended