Iowa Code 524.1611 – Offenses involving employees of banking division
Current as of: 2024 | Check for updates
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Attorney's Note
Under the Iowa Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Serious misdemeanor | up to 1 year | between $430 and $2,560 |
Terms Used In Iowa Code 524.1611
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- property: includes personal and real property. See Iowa Code 4.1
524.1611 Offenses involving employees of banking division.
1. Any person violating § 524.211, subsection 1, shall be guilty of a fraudulent
practice, and shall be subject to a further fine of a sum equal to the amount of the value of the property given or received or the money so loaned or borrowed. An employee of the division of banking convicted of a violation of § 524.211, subsection 1, shall be immediately discharged from employment and shall be forever disqualified from holding any position in the banking division.
2. Any examiner violating § 524.212 shall be guilty of a serious misdemeanor. Any examiner convicted of a violation of § 524.212 shall be immediately discharged from employment and shall be forever disqualified from holding any position in the banking division.
[C71, 73, 75, 77, 79, 81, §524.1611]
2004 Acts, ch 1141, §31; 2023 Acts, ch 66, §136
Fraudulent practices, see §714.8 – 714.14
Section amended
1. Any person violating § 524.211, subsection 1, shall be guilty of a fraudulent
practice, and shall be subject to a further fine of a sum equal to the amount of the value of the property given or received or the money so loaned or borrowed. An employee of the division of banking convicted of a violation of § 524.211, subsection 1, shall be immediately discharged from employment and shall be forever disqualified from holding any position in the banking division.
2. Any examiner violating § 524.212 shall be guilty of a serious misdemeanor. Any examiner convicted of a violation of § 524.212 shall be immediately discharged from employment and shall be forever disqualified from holding any position in the banking division.
[C71, 73, 75, 77, 79, 81, §524.1611]
2004 Acts, ch 1141, §31; 2023 Acts, ch 66, §136
Fraudulent practices, see §714.8 – 714.14
Section amended