Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services
- ADMINISTRATION
- DISCIPLINARY ACTION
- 604A.800 - Temporary suspension of license: Conditions; notice; hearing; terms of suspension.
- 604A.810 - Order to desist and refrain; action to enjoin violation; appointment of receiver.
- 604A.820 - Procedure for taking disciplinary action; authorized disciplinary action; grounds.
- 604A.830 - Additional grounds for disciplinary action.
- 604A.840 - Surrender of license by licensee; effect of surrender.
- GENERAL PROVISIONS
- 604A.010 - Definitions.
- 604A.015 - “Automated loan machine” defined.
- 604A.020 - Cashing” defined.
- 604A.025 - “Check” defined.
- 604A.030 - Check-cashing service” defined.
- 604A.035 - Commissioner” defined.
- 604A.040 - Customer” defined.
- 604A.045 - Default” defined.
- 604A.050 - Deferred deposit loan” defined.
- 604A.055 - Deferred deposit loan service” defined.
- 604A.060 - Electronic transfer of money” defined.
- 604A.065 - Extension” defined.
- 604A.070 - Grace period” defined.
- 604A.0703 - “High-interest loan” defined.
- 604A.0705 - “High-interest loan service” defined.
- 604A.075 - Licensee” defined.
- 604A.080 - Loan” defined.
- 604A.085 - Refund anticipation loan” defined.
- 604A.090 - Regulation Z” defined.
- 604A.105 - Title loan” defined.
- 604A.110 - Title loan service” defined.
- 604A.115 - Title to a vehicle” or “title” defined.
- 604A.120 - Truth in Lending Act” defined.
- 604A.125 - Vehicle” defined.
- 604A.150 - Additional terms defined under federal law; calculation of amount financed, annual percentage rate and finance charge.
- LICENSING
- 604A.600 - Application for license.
- 604A.605 - Additional materials to be submitted with application; grounds for denial of license.
- 604A.610 - Surety bond.
- 604A.615 - Deposit of securities in lieu of surety bond.
- 604A.620 - Application for license for office or other place of business located outside State.
- 604A.625 - Investigation of applicant; notice; hearing; order.
- 604A.630 - Procedure upon denial of license.
- 604A.635 - Issuance of license; display of license; issuance of additional licenses for branch locations; contents of license; license not transferable or assignable.
- 604A.640 - Expiration, renewal and reinstatement of license; fees.
- 604A.645 - Change of control of licensee: Notice; application to Commissioner.
- 604A.650 - Licensee must conduct business in accordance with license; approval of business name; prohibition against using misleading or confusing business name or printed forms.
- 604A.655 - Restrictions on location where licensee may conduct business; requirements to conduct business at same location as mortgage broker, mortgage banker or pawnbroker.
- 604A.660 - Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice.
- RECORDS, REPORTS AND EXAMINATIONS
- 604A.700 - Required books and records.
- 604A.710 - Investigation of businesses; examination of books and records by Commissioner.
- 604A.720 - Authority of Commissioner to require attendance of witnesses and production of books and records.
- 604A.730 - Annual examinations by Commissioner; exceptions.
- 604A.740 - Fees for regulatory activities; penalties for failure to pay fees.
- 604A.750 - Annual report by licensee; composite reports.
- 604A.760 - Fees for failure to submit reports.
- REGULATION OF BUSINESS PRACTICES
- 604A.400 - Unlawful acts; criminal penalties.
- 604A.402 - Commissioner required to investigate alleged violations of chapter.
- 604A.405 - Required notices and disclosures.
- 604A.407 - Determination of whether loan is high-interest loan.
- 604A.408 - Limitations on original term of deferred deposit and high-interest loans.
- 604A.410 - Written loan agreement required; contents.
- 604A.415 - Collection of defaulted loan; civil action to collect debt; venue.
- 604A.420 - Practices regarding customers who are members of military.
- 604A.425 - Prohibited acts by licensee regarding amount of loan.
- 604A.430 - Prohibited acts by licensee regarding multiple loans to same customer.
- 604A.435 - Prohibited acts by licensee: Accepting certain collateral or other types of security; failing to make certain disclosures; taking incomplete instruments; requiring the purchase of insurance
- 604A.440 - Prohibited acts by licensee: Improper lending and collection practices; deceptive trade practices; false, misleading and deceptive advertising; using agent, affiliate or subsidiary to avoid
- 604A.442 - Violation of federal law constitutes violation of chapter.
- 604A.445 - Title loans: Restrictions on duration of loan and periods of extension.
- 604A.450 - Title loans: Prohibited acts by licensee regarding amount of loan and customer’s ability to repay loan.
- 604A.455 - Title loans: Applicability of Uniform Commercial Code; repossession of vehicle; civil action.
- 604A.460 - Rescission of loan by customer.
- 604A.465 - Payment of loan in full.
- 604A.470 - Partial payment on loan.
- 604A.475 - Repayment plan.
- 604A.480 - Limitations on using proceeds of new loan to pay balance of outstanding loan; exceptions.
- 604A.485 - Limitations on amounts licensee may collect after default.
- 604A.490 - Limitations on fees licensee may collect for check not paid upon presentment or failure of electronic transfer of money; standards for civil liability and criminal prosecution.
- 604A.495 - Receipt required for each payment by customer; contents.
- 604A.500 - Requirements regarding person acting as agent or assisting in making loan.
- REMEDIES AND PENALTIES
- SCOPE AND APPLICABILITY
- 604A.200 - Application of chapter to persons who seek to evade its provisions.
- 604A.210 - Chapter does not prohibit licensee from offering customer grace period.
- 604A.220 - Uniformity of application and construction; resolution of conflicts.
- 604A.230 - Effect of amendment or repeal of chapter on preexisting lawful contracts.
- 604A.240 - Collection of loans made outside State.
- 604A.250 - Exemptions from chapter.
- 604A.260 - Applicability of enforcement provisions of chapter.