537.6104 Powers of administrator — reliance on rules — duty to report. 1. The administrator, within the limitations provided by law, may:a. Receive and act on complaints.b. Take action designed to obtain voluntary compliance with this chapter.c. Commence proceedings on the administrator’s own initiative.d. Counsel persons and groups on their rights and duties under this chapter.e. Establish programs for the education of consumers with respect to credit practices and problems. f. Make studies appropriate to effectuate the purposes and policies of this chapter and make the results available to the public. g. Maintain offices within this state.2. The administrator may enforce the Truth in Lending Act to the fullest extent provided by law. 3. To keep the administrator’s rules in harmony with the rules of administrators in other jurisdictions which enact the uniform consumer credit code, the administrator, so far as isconsistent with the purposes, policies and provisions of this chapter, shall do both of thefollowing: a. Before adopting, amending and repealing rules, advise and consult with administrators in other jurisdictions which enact the uniform consumer credit code. b. hapter, shall do both of thefollowing: a. Before adopting, amending and repealing rules, advise and consult with administrators in other jurisdictions which enact the uniform consumer credit code. b. In adopting, amending, and repealing rules, take into consideration the rules of administrators in other jurisdictions which enact the uniform consumer credit code. 4. Except for refund of an excess charge, no liability is imposed under this chapter for an act done or omitted in conformity with a rule or declaratory ruling of the administrator,notwithstanding that after the act or omission the rule or declaratory ruling is amended orrepealed or determined by judicial or other authority to be invalid for any reason. 5. The administrator shall report annually on or before January 1 to the general assembly on the operation of the consumer credit protection bureau and the other agencies of thisstate charged with administering this chapter, and on the problems of persons of smallmeans obtaining credit from persons regularly engaged in extending sales or loan credit.For the purpose of making the report, the administrator may conduct research and makeappropriate studies. smallmeans obtaining credit from persons regularly engaged in extending sales or loan credit.For the purpose of making the report, the administrator may conduct research and makeappropriate studies. The report shall include, for the consumer credit protection bureauand for other state agencies enforcing this chapter, a description of the examination andinvestigation procedures and policies, a statement of policies followed in deciding whetherto investigate or examine the offices of credit suppliers subject to this chapter, a statementof the number and percentages of offices which are periodically investigated or examined, astatement of the types of consumer credit problems of both creditors and consumers whichhave come to the administrator’s attention through the administrator’s examinations andinvestigations and the disposition of them under existing law, and recommendations, if any,for legislation to deal with those problems within the administrator’s general jurisdiction,a statement of the extent to which the rules of the administrator pursuant to this chapterare not in harmony with the rules of administrators in other jurisdictions which enact theuniform consumer credit code nt of the extent to which the rules of the administrator pursuant to this chapterare not in harmony with the rules of administrators in other jurisdictions which enact theuniform consumer credit code and the reasons for the variations, and a general statementof the activities of the administrator’s office and of others to promote the purposes of thischapter. The report shall not identify the creditors against whom action is taken. [C75, 77, 79, 81, §537.6104]91 Acts, ch 118, §4; 92 Acts, ch 1035, §1 Sat Dec 23 01:41:05 2023 Iowa Code 2024, Section 537.6104 (18, 0)
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