If it appears to the administrator that a person has engaged or is about to engage in an act or practice constituting a violation of this chapter or any rule or order adopted or issued pursuant to this chapter, the administrator may do either or both of the following:
1. Issue an order directed at the person requiring the person to cease and desist from engaging in such act or practice.
2. Bring an action in the district court to enjoin the act or practice and to enforce compliance with this chapter or a rule or order adopted or issued pursuant to this chapter. Upon a proper showing a permanent or temporary injunction, restraining order, or writ of mandamus shall be granted and a receiver or conservator may be appointed for the defendant or the defendant's assets. In addition, upon a proper showing by the administrator, the court may enter an order of rescission, restitution, or disgorgement directed at any person who has engaged in an act constituting a violation of this chapter, or a rule or order adopted or issued pursuant to this chapter, and may order the payment of prejudgment and postjudgment interest. The administrator shall not be required to post a bond.
[C31, 35, § 8581-c17; C39, § 8581.21; C46, 50, 54, 58, 62, 66, 71, 73, 75, § 502.21(5); C77, 79, 81, § 502.604]
91 Acts, ch 40, §33; 96 Acts, ch 1025, § 14
Previous Section 502.603A
Next Section 502.604A
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 18 15:00:31 CST 1999
URL: /DOCS/IACODE/1999/502/604.html
jhf