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Tuesday, April 17, 2007
Consumer LegislationIowa is the only state in the U.S. where a consumer does not have the right to seek damages for deceptive business
practices under the state's deceptive trade practices statute. As a result, consumer fraud flourishes in Iowa.
Iowa continues to be a dumping ground for salvaged vehicles. Fraudulent appraisals and other abusive lending practices
have injured not only consumers, but legitimate businesses, lenders and stockholders. The economy currently is
spiraling into a recession many believe is a direct result of fraud in the real estate market.
[Iowa Legislature salvage vehicles consumer legislation]
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