{"data":{"id":"us-ia/iowa-code-535c.10","jurisdiction":"us-ia","citation":"Iowa Code § 535C.10","heading":"Remedies.","body":"1. If a broker materially violates the loan brokerage agreement, the borrower may, upon written notice, void the agreement. In addition, the borrower may recover all moneys paid the broker, a penalty of twice the amount of the fee sought by the broker, other damages, and reasonable attorney fees. A material violation includes but is not limited to any of the following:\na. Making false or misleading statements relative to the agreement.\nb. Failure to comply with the agreement or the obligations arising from the agreement.\nc. Failure to either grant the borrower a loan or issue a credit card or diligently attempt to obtain a loan or credit card for the borrower.\nd. Failure to comply with the requirements of this chapter.\ne. Soliciting or obtaining, directly or indirectly, an advance fee.\n2. A violation of this chapter is a violation of the Iowa consumer fraud Act, section 714.16.\n3. Remedies under this chapter are in addition to other remedies available in law or equity.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 535C - LOAN BROKERS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/535C.10.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:14Z","sha256":"65184662968b5972f3797205ecab746255c5b6e2c747af87445e650a93ba6d34","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-535c.9","next":"us-ia/iowa-code-535c.11"},"notice":"GroundRules: Original legal text. Not legal advice."}