2024 Iowa Code
Title XIII - COMMERCE
Chapter 533C - UNIFORM MONEY TRANSMISSION MODERNIZATION ACT
Section 533C.201 - Implementation.

533C.201 Implementation. 1. In order to carry out the purposes of this chapter, the superintendent may, subject to the provisions of section 533C.202: a. Enter into agreements or relationships with other government officials, federal and state regulatory agencies, and regulatory associations in order to improve efficiencies andreduce regulatory burden by standardizing methods or procedures, and sharing resources,records, or related information obtained under this chapter. b. Use, hire, contract, or employ analytical systems, methods, or software to examine or investigate any person subject to this chapter. c. Accept, from other state or federal government agencies or officials, licensing, examination, or investigation reports made by such other state or federal governmentagencies or officials. d. Accept audit reports made by an independent certified public accountant or other qualified third-party auditor for an applicant or licensee and incorporate the audit report inany report of examination or investigation. 2. The superintendent shall have the broad administrative authority to administer, interpret, and enforce this chapter, to promulgate rules or regulations implementing thischapter, and to recover the cost of administering and enforcing this chapter by imposingand collecting proportionate and equitable fees and costs associated with applications,examinations, investigations, and other actions required to achieve the purpose of thischapter. 3. For a transaction requested electronically or by phone, the provider of money transmission may determine if the person requesting the transmission is located in thisstate by relying on other information provided by the person regarding the location of theindividual’s residential address or a business entity’s principal place of business or otherphysical address location, and any records associated with the person that the provider ofmoney transmission may have that indicate such location, including but not limited to anaddress associated with an account, provided that any transaction requested by an individualwhose residential address is in Iowa shall be presumed to occur in Iowa. 4. Outstanding money transmission obligations shall be established and extinguished in accordance with applicable state law. 2003 Acts, ch 96, §4, 42; 2004 Acts, ch 1101, §77; 2023 Acts, ch 83, §5Section stricken and rewritten Sat Dec 23 01:36:42 2023 Iowa Code 2024, Section 533C.201 (17, 1)

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