Arrowhead Investments in Iowa
Date: Thu, 08/14/2008 - 12:04
someone should be along soon who knows the laws in iowa, in gene
someone should be along soon who knows the laws in iowa, in general arrowhead is not licensed anywhere and if this holds true for your state , since you have already paid the principle you may have an easier time resolving the issue
Iowa State Information Legal Status: Legal Citation: Iowa
Iowa State Information
Legal Status: Legal
Citation:
Iowa Code Ann. ???? 533D.1 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15: $0-$100; $10 per $100 thereafter
Finance Charge for 14-day $100 loan: $16.67
apr for 14-day $100 loan: 433%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance or consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $15 NSF fee (exclusive remedy)
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Iowa Division of Banking
Address: 200 East Grand Avenue, Suite 300 Des Moines IA 50309
Phone: (515) 281-4014
Fax: (515) 281-4862
Regulatory Contact: Rodney Reed,, Finance Bureau Chief
Regulator Website
Licensee Database
Complaint Instructions
Complaint Form Link
Online Resources
Arrowhead Investments in Iowa
the legal status says legal does that mean I owe the debt? and they are a legal agency, how do I go about transferring it back to Arrowhead since they are illegal and disputing the debt with them
It doesn't necessarily mean they're legal. I don't see that they
It doesn't necessarily mean they're legal. I don't see that they are licensed in Iowa per the Iowa banking site. According to the law, even if they are legal in Iowa, you can only borrow up to $500 and you can't re-loan or rollover, so if they are rolling over (as I know they surely are) they are operating illegally.
reply
like my state of IL.pdl's are legal too,but must be licensed in the state and follow the usury laws.neither arrowhead or CRA are legal in IA.send DV and C&D letters to CRA.then they will give it back to arrowhead.how much of your loan have you paid?we advocate paying back what you borrowed only on an illegal loan.
Arrowhead Investments in Iowa
can you send certified mail to a po box
capital recovery gave me the address
1623 Military Road
PO Box 204
Niagara Falls, NY 14304
Arrowhead Investments in Iowa
I am also dealing with an attorney for First Bank of Delaware. Are they legal in Iowa. If so what do I need to do?