Iowa Code
Chapter 533C - UNIFORM MONEY SERVICES ACT
Section 533C.902 - Financial services licensing fund.

533C.902 Financial services licensing fund.
1. A financial services licensing fund is created as a separate fund in the state treasury under the authority of the banking division of the department of commerce. Moneys deposited in the fund shall be used to pay for staffing necessary to perform examinations, audits, and other duties required of the superintendent and the banking division under this chapter.
2. The fund shall receive moneys including, but not limited to, any fees, costs, expenses, or penalties collected pursuant to this chapter.
3. Notwithstanding section 8.33, moneys appropriated to the fund and other moneys credited to the fund shall not revert at the close of the fiscal year but shall remain in the financial services licensing fund and shall remain available for expenditure for the purposes designated.
2003 Acts, ch 96, §37, 42

Structure Iowa Code

Iowa Code

Title XIII - COMMERCE

Chapter 533C - UNIFORM MONEY SERVICES ACT

Section 533C.101 - Short title.

Section 533C.102 - Definitions.

Section 533C.103 - Exclusions.

Section 533C.201 - License required.

Section 533C.202 - Application for license.

Section 533C.203 - Security.

Section 533C.204 - Issuance of license.

Section 533C.205 - Renewal of license.

Section 533C.206 - Net worth.

Section 533C.301 - License required.

Section 533C.302 - Application for license.

Section 533C.303 - Issuance of license.

Section 533C.304 - Renewal of license.

Section 533C.401 - Relationship between licensee and authorized delegate.

Section 533C.402 - Unauthorized activities.

Section 533C.501 - Authority to conduct examinations.

Section 533C.502 - Joint examinations.

Section 533C.503 - Reports.

Section 533C.504 - Change of control.

Section 533C.505 - Records.

Section 533C.506 - Money laundering reports.

Section 533C.507 - Disclosure.

Section 533C.601 - Maintenance of permissible investments.

Section 533C.602 - Types of permissible investments.

Section 533C.701 - Suspension and revocation — receivership.

Section 533C.702 - Suspension and revocation of authorized delegates.

Section 533C.703 - Orders to cease and desist.

Section 533C.704 - Consent orders.

Section 533C.705 - Civil penalties.

Section 533C.706 - Criminal penalties.

Section 533C.707 - Unlicensed persons.

Section 533C.708 - Investigations.

Section 533C.801 - Administrative proceedings.

Section 533C.802 - Hearings.

Section 533C.803 - Rules.

Section 533C.901 - Uniformity of application and construction.

Section 533C.902 - Financial services licensing fund.

Section 533C.903 - Severability clause.

Section 533C.904 - Applicability.