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Can you summarize IACO 546.3?
DEPARTMENT OF COMMERCE > Banking division.
Short Summary
This legal document pertains to the banking division and its regulation and supervision of various entities. The division is responsible for regulating and supervising banks, debt management licensees, money services, delayed deposit services, mortgage bankers and brokers, regulated loan companies, industrial loan companies, real estate appraisers, and appraisal management companies. The division is headed by the superintendent of banking and is advised by the state banking council. Additionally, the document mentions the administration and management of the professional licensing and regulation bureau within the division. The division is allowed to allocate costs for shared services across the entire division. Overall, this document outlines the responsibilities and scope of the banking division in Iowa.
Whom does it apply to?
This document applies to banks, debt management licensees, money services, delayed deposit services, mortgage bankers and brokers, regulated loan companies, industrial loan companies, real estate appraisers, and appraisal management companies.
What does it govern?
The banking division regulates and supervises various entities including banks, debt management licensees, money services, delayed deposit services, mortgage bankers and brokers, regulated loan companies, industrial loan companies, real estate appraisers, and appraisal management companies.
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Iowa