If an officer, director, or agent of a corporation engaged in the business of issuing
credit cards violates any of the provisions of this chapter which are not also violations
of the Iowa consumer credit code, chapter 537, or if a person individually or as a
partner, or officer, director, or agent of a corporation engages in the business of
issuing credit cards without filing the registration statement required by section 536C.4, the person is guilty of a serious misdemeanor. Violations of this chapter which are also violations of the Iowa consumer credit
code, chapter 537, shall be subject to the penalties provided in the Iowa consumer
credit code, chapter 537.
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