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.
93 Acts, ch 60, §15
Referred to in §714.16
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