538A.3 Prohibited conduct. A credit services organization, a salesperson, agent, or representative of a credit services organization, or an independent contractor who sells or attempts to sell the services of acredit services organization shall not: 1. Charge a buyer or receive from a buyer money or other valuable consideration before completing performance of all services the credit services organization has agreed to performfor the buyer, unless the credit services organization has obtained a bond in accordance withsection 538A.4 or established and maintained a surety account at a federally insured bank orsavings and loan association located in this state in the amount required by section 538A.4,subsection 5. 2. Charge a buyer or receive from a buyer money or other valuable consideration solely for referral of the buyer to a retail seller who will or may extend credit to the buyer if thecredit that is or will be extended to the buyer is substantially the same as that available to thegeneral public. 3. Make or use a false or misleading representation in the offer or sale of the services of a credit services organization. 4. buyer is substantially the same as that available to thegeneral public. 3. Make or use a false or misleading representation in the offer or sale of the services of a credit services organization. 4. Engage, directly or indirectly, in a fraudulent or deceptive act, practice, or course of business in connection with the offer or sale of the services of a credit services organization. 89 Acts, ch 183, §3CS89, §533C.3C93, §538A.3Referred to in §538A.4 Sat Dec 23 01:41:37 2023 Iowa Code 2024, Section 538A.3 (15, 0)
Iowa Legal Code