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Can you summarize 187 IAAC Chapter 5?
Banking Division > PETITIONS FOR RULE MAKING
Short Summary
This document outlines the process for filing a petition for rule making with the Iowa Division of Banking. Any person can file a petition by submitting it to the Division of Banking in Des Moines, Iowa. The petition must be in a specific format and include information such as the specific rule-making action sought, relevant laws, arguments and supporting data, and the names and addresses of affected or interested parties. The petition must be dated, signed, and include contact information for the petitioner. The division has the authority to deny a petition if it does not conform to the required form. The petitioner may attach a brief to the petition in support of the action urged in the petition. The division may request a brief from the petitioner or from any other person concerning the substance of the petition. Inquiries concerning the status of a petition for rule making may be made to the Division of Banking, Attn: Rules Coordinator, 200 East Grand Avenue, Suite 300, Des Moines, Iowa 50309-1827. This legal document governs the process of filing petitions for rule making within the Iowa Administrative Code’s Banking Division. The division is required to submit a copy of the petition and any accompanying brief to the administrative rules coordinator and the administrative rules review committee within 14 days of filing. The division may schedule a meeting with the petitioner to discuss the petition and may request additional information or arguments. The division can also solicit comments from any person on the substance of the petition. Within 60 days of filing, the division must either deny the petition and provide specific grounds for the denial or grant the petition and initiate rule-making proceedings. Denial based on non-conformance to required form does not prevent the filing of a new petition on the same subject. There are no mentioned exemptions or penalties in this document.
Whom does it apply to?
Any person who wishes to file a petition for rule making with the Iowa Division of Banking
What does it govern?
Filing petitions for rule making within the Iowa Administrative Code's Banking Division
What are exemptions?
No exemptions are mentioned in this document.
What are the Penalties?
No penalties are mentioned in this document.
Jurisdiction
Iowa