2014 Iowa Code
TITLE XIII - COMMERCE
SUBTITLE 2 - FINANCIAL INSTITUTIONS
CHAPTER 533C - UNIFORM MONEY SERVICES ACT
SECTION 533C.503 - Reports.

533C.503  Reports.

1.  A licensee shall file with the superintendent within fifteen business days any material changes in information provided in a licensee’s application as prescribed by the superintendent.

2.  A licensee shall file with the superintendent within forty-five days after the end of each fiscal quarter a current list of all authorized delegates and locations in this state where the licensee or an authorized delegate of the licensee provides money services.  The licensee shall state the name and street address of each location and authorized delegate.

3.  A licensee shall file a report with the superintendent within one business day after the licensee has reason to know of the occurrence of any of the following events:

a.  The filing of a petition by or against the licensee under the United States bankruptcy code, 11 U.S.C. § 101 et seq., for bankruptcy or reorganization.

b.  The filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors.

c.  The commencement of a proceeding to revoke or suspend its license in a state or country in which the licensee engages in business or is licensed.

d.  The cancellation or other impairment of the licensee’s bond or other security.

e.  A charge filed against or conviction of the licensee or of an executive officer, manager, or director of, or person in control of, the licensee for a felony.

f.  A charge filed against or conviction of an authorized delegate for a felony.

2003 Acts, ch 96, §18, 42; 2004 Acts, ch 1101, §79

Referred to in §533C.202, 533C.205, 533C.302, 533C.304