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Can you summarize IACO Chapter 714H?
CRIMINAL LAW AND PROCEDURE > CONSUMER FRAUD PRIVATE ACTIONS
Short Summary
The provided legal document, part of the Iowa Code, governs consumer fraud and private actions related to it. It defines various terms such as ‘actual damages’, ‘advertisement’, ‘consumer’, ‘consumer merchandise’, ‘deception’, ‘merchandise’, ‘person’, ‘sale’, and ‘unfair practice’. The document prohibits engaging in unfair practices, deception, fraud, false pretense, false promise, misrepresentation, concealment, suppression, or omission of material facts in connection with the advertisement, sale, or lease of consumer merchandise, or the solicitation of contributions for charitable purposes. It also lists specific practices and acts that are prohibited, including violations of various sections and chapters of the Iowa Code. Consumers who suffer an ascertainable loss of money or property due to a prohibited practice or act in violation of this chapter are allowed to bring an action at law to recover actual damages. The court may also order equitable relief, such as temporary and permanent injunctive relief, to protect the public from further violations. If a person is found to have violated this chapter and the consumer is awarded actual damages, the court shall award the consumer the costs of the action and reasonable attorney fees. An action under this chapter must be brought within two years of the occurrence of the last event giving rise to the cause of action or within two years of the discovery of the violation. There are exemptions for solicitations made on behalf of political organizations, religious organizations, state, regionally, or nationally accredited colleges or universities, and nonprofit foundations benefiting accredited colleges or universities. No specific penalties are mentioned in this chapter.
Whom does it apply to?
Consumers who suffer an ascertainable loss of money or property due to a prohibited practice or act
What does it govern?
Consumer fraud and private actions related to it
What are exemptions?
Solicitations made on behalf of political organizations, religious organizations, state, regionally, or nationally accredited colleges or universities, and nonprofit foundations benefiting accredited colleges or universities
What are the Penalties?
No specific penalties are mentioned in this chapter
Jurisdiction
Iowa