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Can you summarize 187 IAAC Chapter 1?
Banking Division > DESCRIPTION OF ORGANIZATION
Short Summary
This legal document describes the organization and structure of the division of banking within the Iowa Administrative Code. The division of banking is a subdivision of the department of commerce and is responsible for the regulation and supervision of various entities in the banking and finance sectors. The division consists of three separate bureaus: the bank bureau, the finance bureau, and the professional licensing and regulation bureau. The bank bureau oversees the supervision, regulation, and chartering of state banks. The finance bureau is responsible for the licensing and supervision of various financial entities, such as appraisal management companies, mortgage brokers, and real estate appraisers. The professional licensing and regulation bureau handles the regulation and licensing of specified professions, including accountancy, architecture, engineering, interior design, landscape architecture, and real estate. The superintendent, appointed by the governor, serves as the administrator of the division. The document provides details about the roles and responsibilities of key officials within the division, such as the bank bureau chief, finance bureau chief, and chief operating officer. It also specifies the location of the superintendent’s office. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Employees, public, superintendent of banking
What does it govern?
Organization and structure of the division of banking within the Iowa Administrative Code
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Iowa