Applicability of Iowa consumer credit code.

1. The provisions of the Iowa consumer credit code, chapter 537 , shall apply to a consumer loan in which the licensee participates or engages, and any violation of the said code shall be a violation of this chapter . 2. Chapter 537, article 2, parts 3, 5, and 6 , chapter 537, article 3 , and sections 537.3203 , 537.3206 , 537.3209 , 537.3210 , 537.3304 , 537.3305 , and 537.3306 shall apply to any credit transaction, as defined in section 537.1301 , in which a licensee participates or engages, and any violation of those parts or sections shall be violations of this chapter . For the purpose of applying the provisions of the Iowa consumer credit code, chapter 537 , to those credit transactions, “consumer loan” shall include a loan for a business purpose. 3. Except as provided in this subsection , the provisions of the Iowa consumer credit code, chapter 537 , apply to loans regulated by this chapter and supersede conflicting provisions of this chapter . Section 537.2402, subsection 1 , does not apply to loans regulated by this chapter . [C75, 77, 79, 81, §536A.31 ] 84 Acts, ch 1205, §3 ; 2003 Acts, ch 44, §114 ; 2010 Acts, ch 1028, §13 ; 2013 Acts, ch 30, §134