Iowa Code 524.1602 – Penalties applicable to state bank
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Terms Used In Iowa Code 524.1602
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
524.1602 Penalties applicable to state bank.
The superintendent may impose a penalty on a state bank of up to one thousand dollars for each day:
1. That it holds investments for its own account in bonds or securities in violation of § 524.901.
2. On which it accepts and holds drafts in violation of § 524.903.
3. On which it has money loaned, credit extended, or holds discounted or purchased
evidences of indebtedness or agreements for the payment of money, in violation of sections
524.904, 524.905, and 524.907.
4. On which it has money loaned, invested or is otherwise in violation of § 524.1102
or 524.1104.
5. On which it publishes, disseminates, or distributes any advertising containing any false,
misleading, or deceptive statements concerning rates, terms, and conditions on which loans
are made or deposits are received, in violation of § 524.1606.
[C71, 73, 75, 77, 79, 81, §524.1602]
84 Acts, ch 1067, §42; 2006 Acts, ch 1015, §10; 2020 Acts, ch 1063, §304; 2021 Acts, ch 80,
§338
The superintendent may impose a penalty on a state bank of up to one thousand dollars for each day:
1. That it holds investments for its own account in bonds or securities in violation of § 524.901.
2. On which it accepts and holds drafts in violation of § 524.903.
3. On which it has money loaned, credit extended, or holds discounted or purchased
evidences of indebtedness or agreements for the payment of money, in violation of sections
524.904, 524.905, and 524.907.
4. On which it has money loaned, invested or is otherwise in violation of § 524.1102
or 524.1104.
5. On which it publishes, disseminates, or distributes any advertising containing any false,
misleading, or deceptive statements concerning rates, terms, and conditions on which loans
are made or deposits are received, in violation of § 524.1606.
[C71, 73, 75, 77, 79, 81, §524.1602]
84 Acts, ch 1067, §42; 2006 Acts, ch 1015, §10; 2020 Acts, ch 1063, §304; 2021 Acts, ch 80,
§338