543B.45 Dual contracts for sale of real property. 1. A person licensed under this chapter shall not knowingly make, issue, deliver, receive, or permit the use of two or more written or oral contracts for the purpose of sale concerningthe same parcel of real estate one of which is not made known to the prospective lender orloan guarantor to enable the purchaser to obtain a larger loan than the true sales price wouldallow or to enable the purchaser to qualify for a loan which the purchaser otherwise couldnot obtain. 2. Any person who shall violate the provisions of this section shall be guilty of a fraudulent practice. [C71, 73, 75, 77, 79, 81, §117.45; 81 Acts, ch 54, §22]C93, §543B.452018 Acts, ch 1041, §127Fraudulent practices, see §714.8 Sat Dec 23 01:45:39 2023 Iowa Code 2024, Section 543B.45 (21, 1)
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