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Can you summarize IACO Chapter 533?
COMMERCE > CREDIT UNIONS
Short Summary
These legal documents pertain to credit unions in Iowa and cover various aspects such as the establishment and organization of credit unions, appointment and regulation of credit unions, employees of the credit union division, records of the credit union division, credit union review board, bonding requirements, expenses of the credit union division, payment of fees and examination fees, examinations of credit unions, meetings of the board called by the superintendent, out-of-state credit unions, cooperation with the Iowa consumer credit code, membership and ownership share, change of principal place of business, annual reporting requirements, application to loan money, exercise of additional powers, enforcement of the Iowa consumer credit code, investment activities, reserves, investment in banks or savings banks, deposit insurance, borrowing limits, fidelity bond requirements, share accounts, joint accounts, loans, payment of share drafts, payment of share drafts during dissolution, preservation of records, confidentiality of information, admissibility of records, preservation of records and statute of limitations, payroll deductions, and safe deposit boxes. These documents establish the framework, regulations, and guidelines for credit unions in Iowa, and apply to various stakeholders involved in credit union operations.
Whom does it apply to?
Credit unions, directors, officers, employees, and members of credit unions in Iowa
What does it govern?
Credit unions in Iowa
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Iowa