536A.7  Application for license.

Applications for licenses to engage in the business of operating industrial loan companies shall be in writing on such forms as may be prescribed by the superintendent. The application shall give the name of the corporation, the location where the business is to be conducted, the street address of the place of business, the names and addresses of the officers and directors of the corporation and such other relevant information as the superintendent shall require. At the time of making such application the applicant shall pay to the superintendent the sum of fifty dollars to cover the cost of the investigation of the applicant. The applicant shall also pay to the superintendent the sum of two hundred fifty dollars as an annual license fee for the period ending December 31 next following the application; provided that if the license is granted after June 30 in any year, the license fee for the remainder of that year shall be one hundred twenty-five dollars and any license fee paid by the applicant in excess of that amount shall be refunded by the superintendent.

Section History: Early form

  [C66, 71, 73, 75, 77, 79, 81, § 536A.7]

Section History: Recent form

  89 Acts, ch 257, §29

Internal References

  Referred to in § 536A.9, 536A.11, 536A.30


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