537.2310 Conduct of business other than making loans. 1. Except as provided in subsection 2, a licensee authorized to make supervised loans pursuant to section 537.2301 may not engage in the business of selling or leasing tangiblegoods at a location where supervised loans are made. In this section, 'location' means theentire space in which supervised loans are made and the location must be separated from anyspace where goods are sold or leased by walls which may be broken only by a passageway towhich the public is not admitted. 2. This section does not apply to:a. Occasional sales of property used in the ordinary course of business of the licensee.b. Sales of items of collateral of which the licensee has taken possession.c. Sales of items by a licensee who is also authorized by law to operate as a pawnbroker.d. Sales of property or items by the licensee which are not for the profit of the licensee and which are sold for a price not exceeding fifty dollars. [C75, 77, 79, 81, §537.2310; 82 Acts, ch 1253, §41]Referred to in §537.1303 Sat Dec 23 01:40:02 2023 Iowa Code 2024, Section 537.2310 (18, 0)
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