537.6109 Assurance of discontinuance. If it is claimed that a person has engaged in conduct which could be subject to an order by the administrator or by a court, the administrator may accept an assurance in writing that theperson will not engage in the same or in similar conduct in the future. The assurance mayinclude stipulations that the creditor will voluntarily pay the costs of investigation, or that anamount will be held in escrow as restitution to debtors aggrieved by future conduct of thecreditor or as a reserve to cover costs of future investigation, or may include admissions ofpast specific acts by the creditor or admissions that those acts violated this chapter or otherstatutes. A violation of an assurance of discontinuance is a violation of this chapter. [C75, 77, 79, 81, §537.6109]Referred to in §537.2303, 537.5201 Sat Dec 23 01:41:08 2023 Iowa Code 2024, Section 537.6109 (18, 0)
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