Iowa Code 524.912 – Customer shall be free to obtain own insurance and loan
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Terms Used In Iowa Code 524.912
- property: includes personal and real property. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
524.912 Customer shall be free to obtain own insurance and loan.
In any case in which any kind of insurance is required by the state bank as a condition
for lending money or in connection with any other transaction, the customer shall be free to obtain such insurance from a source of the customer’s selection. In the case of a sale of shares of stock, bonds, or other securities, or real property by an officer or employee, which is authorized by the board of directors of a state bank in the manner provided for in section
524.710, subsection 2, the purchaser shall be free to obtain a loan for the purchase of such stock, bonds, or other securities, or real property from a lender of the purchaser’s selection.
[C71, 73, 75, 77, 79, 81, §524.912]
98 Acts, ch 1036, §1
In any case in which any kind of insurance is required by the state bank as a condition
for lending money or in connection with any other transaction, the customer shall be free to obtain such insurance from a source of the customer’s selection. In the case of a sale of shares of stock, bonds, or other securities, or real property by an officer or employee, which is authorized by the board of directors of a state bank in the manner provided for in section
524.710, subsection 2, the purchaser shall be free to obtain a loan for the purchase of such stock, bonds, or other securities, or real property from a lender of the purchaser’s selection.
[C71, 73, 75, 77, 79, 81, §524.912]
98 Acts, ch 1036, §1