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Can you summarize IACO 524.819?

BANKS > Clearing checks at par.

Short Summary

Checks drawn on a state bank shall be cleared at par by the state bank on which they are drawn. This section shall not be applicable where checks are received by a state bank as special collection items. [C46, 50, 54, 58, 62, 66, 528.63; C71, 73, 75, 77, 79, 81, 524.819] 2022 Acts, ch 1062, 78 Referred to in 524.1601 Section amended

Jurisdiction

Iowa

Source
IACO 524.819 [https://reggi.cloud.regology.com/regulations/US-IACO/US-IACO_T_XIII_C_524_S_819]