524.1606  Fraudulent advertising or notice.

A state bank shall not publish, disseminate or distribute any advertising or notice containing any false, misleading or deceptive statements concerning the rates, terms or conditions on which loans are made or deposits are received, any charge which the state bank is authorized to impose pursuant to this chapter, or the financial condition of the state bank. Any officer or employee of a state bank who willfully violates the provisions of this section shall be guilty of a fraudulent practice.

Section History: Early form

  [C97, § 1859; C24, 27, 31, 35, 39, § 9260; C46, 50, 54, 58, 62, 66, § 526.44, 529.12; C71, 73, 75, 77, 79, 81, § 524.1606]

Internal References

  Referred to in § 524.1602


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