Iowa Code 523C.17 – Lending institutions
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Terms Used In Iowa Code 523C.17
- Contract: A legal written agreement that becomes binding when signed.
- property: includes personal and real property. See Iowa Code 4.1
523C.17 Lending institutions.
A bank, savings association, insurance company, or other lending institution shall not
require the purchase of a motor vehicle service contract or residential service contract as a condition of a loan or the sale of any property or motor vehicle. Violation of this section is punishable as provided in § 523C.13.
83 Acts, ch 87, §18; 93 Acts, ch 60, §10; 2012 Acts, ch 1017, §102; 2019 Acts, ch 142, §13, 19
A bank, savings association, insurance company, or other lending institution shall not
require the purchase of a motor vehicle service contract or residential service contract as a condition of a loan or the sale of any property or motor vehicle. Violation of this section is punishable as provided in § 523C.13.
83 Acts, ch 87, §18; 93 Acts, ch 60, §10; 2012 Acts, ch 1017, §102; 2019 Acts, ch 142, §13, 19