# Iowa Code § 524.1607: False statement for credit

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.1607

## Section

- **Citation:** Iowa Code § 524.1607
- **Heading:** False statement for credit
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 524 / Section 524.1607

## Text

(1) For the purposes of this section, unless the context otherwise requires:

(1) (a) “Financial institution” means a financial institution as defined in 18 U.S.C. §20.

(1) (b) “Mortgage banker” means a person who makes or originates mortgage loans on real property located in this state.

(1) (c) “Mortgage broker” means a person who arranges or negotiates, or attempts to arrange or negotiate, mortgage loans on real property located in this state.

(2) Any person who knowingly makes or causes to be made, directly or indirectly, any false statement in writing, or who procures, knowing that a false statement in writing has been made concerning the financial condition or means or ability to pay of such person, or any other person in which such person is interested or for whom such person is acting, with the intent that such statement shall be relied upon by a financial institution, a mortgage banker, a mortgage broker, or any other entity licensed by the banking division for the purpose of procuring the delivery of property, the payment of cash or the receipt of credit in any form, for the benefit of such person or of any other person in which such person is interested or for whom such person is acting, shall be guilty of a fraudulent practice.

[C31, 35, §9283-c3; C39, §9283.03; C46, 50, 54, 58, 62, 66, §528.88; C71, 73, 75, 77, 79, 81, §524.1607]2008 Acts, ch 1160, §8

## Nearby sections

- [Iowa Code § 524.101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.101.md)
- [Iowa Code § 524.102 Statement of intent.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.102.md)
- [Iowa Code § 524.103 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.103.md)
- [Iowa Code § 524.104 Rules of construction.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.104.md)
- [Iowa Code § 524.105 Effect on existing banks.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.105.md)
- [Iowa Code § 524.107 Persons authorized to engage in banking business — educational bank.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.107.md)
- [Iowa Code § 524.108 Applicability of safe deposit provisions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.108.md)
- [Iowa Code § 524.109 Bankers’ bank authorized — authority to hold shares of bankers’ bank.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.109.md)
- [Iowa Code § 524.201 Superintendent of banking.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.201.md)
- [Iowa Code § 524.202 Superintendent — salary.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.202.md)
- [Iowa Code § 524.203 Superintendent vacancy.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.203.md)
- [Iowa Code § 524.204 Deputy superintendent of banking.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.204.md)
- [Iowa Code § 524.205 State banking council.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.205.md)
- [Iowa Code § 524.206 Banking division created.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.206.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.1607. Check the current official text before relying on it. Not legal advice.