Iowa Administrative Rules (Last Updated: December 07, 2016) |
Department 61. Attorney General |
Chapter 20. NONCREDIT PROPERTY INSURANCE IN CONSUMER CREDIT TRANSACTIONS |
Section 61.20.10. Restrictions on sale to homeowners.
Latest version.
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Noncredit property insurance insuring the contents of a home may not be sold to borrowers who own a residence, unless the creditor, prior to the sale, has in the loan file documentation showing that the borrower does not already have household contents insurance.