2021 Iowa Code
Title XIII - COMMERCE
Chapter 533C - UNIFORM MONEY SERVICES ACT
Section 533C.707 - Unlicensed persons.
533C.707 Unlicensed persons.
1. If the superintendent has reason to believe that a person has violated or is violating section 533C.201, 533C.301, 533C.401, or 533C.402, the superintendent may issue an order to show cause why an order to cease and desist should not issue requiring that the person cease and desist from the violation of section 533C.201, 533C.301, 533C.401, or 533C.402.
2. In an emergency, the superintendent may petition the district court for the issuance of a temporary restraining order ex parte pursuant to the rules of civil procedure.
3. An order to cease and desist becomes effective upon service of it upon the person.
4. An order to cease and desist remains effective and enforceable pending the completion of an administrative proceeding pursuant to sections 533C.701 and 533C.702.
5. A person who is served with an order to cease and desist under this section may petition the district court for a judicial order setting aside, limiting, or suspending the enforcement, operation, or effectiveness of the order pending the completion of an administrative proceeding pursuant to sections 533C.701 and 533C.702.
6. An order to cease and desist expires unless the superintendent commences an administrative proceeding within ten days after it is issued.
2003 Acts, ch 96, §31, 42
Referred to in §533C.802
