535C.2A - PROHIBITION ON ADVANCE FEES. - Iowa Statutes

535C.2A PROHIBITION ON ADVANCE FEES. A loan broker shall not directly or indirectly solicit, receive, or accept from a borrower an advance fee as consideration for providing services as a loan broker. A loan broker's fee may only be assessed or collected from a borrower after the successful procurement of a loan or issuance of a credit card.          Section History: Recent Form 93 Acts, ch 60, §15 Referred to in § 714.16