VI. A DANGER OFPROSECUTION BUT VIOLATE IOWA CODE В§ 537.7103 IN THE BIG EVENT YOU’LL FIND POTENTIAL CRIMINAL CONSEQUENCES ARISING FROM A BOUNCED CASH LOAN CHECK, MAY THREATENING ORIMPLYING IF THE CASH ADVANCE COMPANY NEVER PRESSES CRIMINAL CHARGES?
Inasmuch as it is our interpretation of Chap. 533D and 537 that default on a check loan will likely not implicate the procedure this is certainly criminal threatening illegal impacts for non-payment of the loan would break the Iowa collection that is commercial tactics Act. Iowa Code В§ 537.7103.
But, in case its determined so itвЂ™s theoretically feasible to invoke the illegal procedure relating to payday advances in some circumstances, it may none the less not be permissible for the lender to regularly make such threats.