536.25  Statement of indebtedness of borrower.

A licensee when making a loan under this chapter shall require a statement in writing from each applicant setting forth a description of all installment indebtedness of the applicant by giving the amount of each loan and the name of the lender. The applicant may orally disclose the information and the licensee shall write down the information, and the applicant shall subsequently sign the statement.

Section History: Early form

  [C62, 66, 71, 73, 75, 77, 79, 81, § 536.25]

Section History: Recent form

  85 Acts, ch 158, §6


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