{"data":{"id":"us-ia/iowa-code-536a.3","jurisdiction":"us-ia","citation":"Iowa Code § 536A.3","heading":"License.","body":"With respect to a loan other than a consumer loan, a person shall not engage in the business of operating an industrial loan company in this state without first having obtained a license from the superintendent. With respect to a consumer loan, a person required by section 537.2301 to have a license is not authorized to engage in the business of operating an industrial loan company without first obtaining a license from the superintendent. A person that enters into less than ten supervised loans per year in this state and that neither has an office physically located in this state nor engages in face-to-face solicitation in this state may contract for and receive the rate of interest permitted in this chapter for licensees in this chapter. A “consumer loan” means the same as defined in section 537.1301.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 536A - INDUSTRIAL LOANS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/536A.3.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:14Z","sha256":"deafc903dbcccae5b1d48d9bf5bad63c5db5424bf82a16333199606592c22e24","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-536a.2","next":"us-ia/iowa-code-536a.4"},"notice":"GroundRules: Original legal text. Not legal advice."}