Iowa Code 536.27 – Insurance related to property of borrower
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Terms Used In Iowa Code 536.27
- property: includes personal and real property. See Iowa Code 4.1
536.27 Insurance related to property of borrower.
A licensee may sell the borrower insurance against loss of or damage to property owned
by the borrower or loss from liability arising out of the ownership or use of property owned by the borrower. When the transaction is a consumer credit transaction as defined in section
537.1301 the sale of property insurance is subject to the requirements of sections 537.2501 and 537.2510 and the rules adopted under those sections by the administrator of the Iowa consumer credit code, chapter 537.
85 Acts, ch 158, §9; 2003 Acts, ch 44, §114
A licensee may sell the borrower insurance against loss of or damage to property owned
by the borrower or loss from liability arising out of the ownership or use of property owned by the borrower. When the transaction is a consumer credit transaction as defined in section
537.1301 the sale of property insurance is subject to the requirements of sections 537.2501 and 537.2510 and the rules adopted under those sections by the administrator of the Iowa consumer credit code, chapter 537.
85 Acts, ch 158, §9; 2003 Acts, ch 44, §114