524.912 Customer shall be free to obtain own insurance and loan.
124 words·~1 min read·
/ia/chapter-524-banks/524-912A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In any case in which any kind of insurance is required by the state bank as a condition for lending money or in connection with any other transaction, the customer shall be free to obtain such insurance from a source of the customer’s selection. In the case of a sale of shares of stock, bonds, or other securities, or real property by an officer or employee, which is authorized by the board of directors of a state bank in the manner provided for in section 524.710, subsection 2, the purchaser shall be free to obtain a loan for the purchase of such stock, bonds, or other securities, or real property from a lender of the purchaser’s selection.
[C71, 73, 75, 77, 79, 81, §524.912]