reglab/housing_qa huggingface dataset:
IA Code § 533.313 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.313 - Share drafts.

533.313 Share drafts.   1. A state credit union may provide its members with share draft accounts.   a. “Share draft” means a negotiable draft which is payable upon demand and is used to withdraw funds from a share draft account.   b. A share draft is an item for purposes of chapter 554, article 4.   c. The term does not include a draft issued by a state credit union for the transfer of funds between the issuing credit union and another credit union, a bank, a savings and loan association chartered under federal law, or another depository financial institution.   2. A share draft account is an account that is a demand account from which a state credit union has agreed that funds may be withdrawn by means of a share draft. A share draft account may bear interest or dividends as determined by the board of directors, provided that the state credit union shall not pay interest or dividends on a share draft account at a rate that exceeds the maximum interest rate which a regulated financial institution is able to pay on comparable instruments as allowed by the depository institutions deregulatory committee.   3. A state credit union may guarantee payment for a share draft if both the following conditions are met:   a. A specific guarantee authorization is obtained for the share draft from the state credit union.   b. The guarantee authorization is immediately noted on the share draft account to prevent the withdrawal of funds needed to pay the guaranteed share draft.   4. A state credit union may charge fees and penalties on share drafts and apply fees and penalties to the state credit union’s income in relation to share draft services.   5. The superintendent may adopt rules relating to share draft programs as necessary to administer this chapter.  2007 Acts, ch 174, §44; 2012 Acts, ch 1017, §130
IA Code § 533.314 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.314 - Payment of share drafts during dissolution.

533.314 Payment of share drafts during dissolution.   Other provisions of section 533.404 notwithstanding, when a state credit union is dissolved, first priority of payment shall be given to unpaid share drafts. However, a share draft shall not be paid if any of the following conditions exist:   1. The share draft was issued on or after the date of dissolution, or on or after the date the state credit union is required by section 533.405, subsection 2, to cease doing business in the event of a voluntary dissolution.   2. The share draft is written against an account that does not contain sufficient funds with which to pay the share draft.   3. The share draft is payable to a member of the state credit union, or to a member of the family of the issuer of the share draft, or to a business in which the issuer of the share draft has an interest. However, the exception contained in this subsection does not apply to any person referred to in this subsection if the person is a holder in due course, as provided in chapter 554, article 3.  2007 Acts, ch 174, §45
IA Code § 533.316 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.316 - Interest rates.

533.316 Interest rates.   1. a. Interest rates on loans made by a state credit union, other than loans secured by a mortgage or deed of trust which is a first lien upon real property, shall not exceed the finance charge permitted in sections 537.2401 and 537.2402 on consumer loans.   b. Interest rates on business loans shall not exceed the finance charge permitted by section 535.2.   2. With respect to a loan secured by a mortgage or deed of trust which is a first lien upon real property, a state credit union shall not charge a rate of interest that exceeds the maximum rate permitted by section 535.2.   3. The provisions of this section do not apply to a loan that is subject to section 636.46.  2007 Acts, ch 174, §47
IA Code § 533.317 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.317 - Authority to lease safe deposit boxes.

533.317 Authority to lease safe deposit boxes.   1. A state credit union may lease safe deposit boxes for the storage of property on terms and conditions prescribed by the state credit union. The terms and conditions shall not bind any person to whom the state credit union does not give notice of the terms and conditions by delivery of a lease and agreement in writing containing the terms and conditions.   2. A state credit union may limit its liability provided that the limitations are set forth in the lease and agreement in at least the same size and type as the other substantive provisions of the contract.   3. The lease and agreement of a safe deposit box may provide that evidence tending to prove that property was left in a safe deposit box upon the last entry by the member or the member’s authorized agent, and that the property or any part of the property was found missing upon subsequent entry, is not sufficient to raise a presumption that the property was lost by any negligence or wrongdoing for which the state credit union is responsible, or put upon the state credit union the burden of proof that the alleged loss was not the fault of the state credit union.   4. A state credit union may lease a safe deposit box to a minor.   a. A state credit union may deal with a minor with respect to a safe deposit lease and agreement without the consent of a parent, guardian, or conservator and with the same effect as though the minor were an adult.   b. Any action of the minor with respect to such safe deposit lease and agreement is binding on the minor with the same effect as though the minor were an adult.   5. A state credit union that has on file a power of attorney of a member covering a safe deposit lease and agreement, which has not been revoked by the member, shall incur no liability as a result of continuing to honor the provisions of the power of attorney in the event of the death or incompetence of the donor of the power of attorney until the state credit union receives written notice of the death, or written notice of adjudication by a court of the incompetence of the member and the appointment of a guardian or conservator.  2007 Acts, ch 174, §48
IA Code § 533.319 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.319 - Adverse claims to property in safe deposit and safekeeping.

533.319 Adverse claims to property in safe deposit and safekeeping.   1. A state credit union shall not be required, in the absence of a court order or indemnity required by this section, to recognize any claim to, or claim of authority to exercise control over, property held in safe deposit or property held for safekeeping pursuant to section 533.321 made by a person or persons other than the following:   a. The member in whose name the property is held by the state credit union.   b. An individual or group of individuals who are authorized to have access to the safe deposit box, or to the property held for safekeeping, pursuant to a certified corporate resolution or other written arrangement with the member, currently on file with the state credit union, which has not been revoked by valid corporate action in the case of a corporation, or by a valid agreement or other valid action appropriate for the form of legal organization of any other member, of which the state credit union has received notice and which is not the subject of a dispute known to the state credit union as to its original validity. The safe deposit and safekeeping account records of a state credit union shall be presumptive evidence as to the identity of the member on whose behalf the property is held.   2. A person making an adverse claim to, or an adverse claim of authority to control, property held in a safe deposit box or for safekeeping, must do either of the following:   a. Obtain and serve on the state credit union an appropriate court order or judicial process directed to the state credit union, restraining any action with respect to the property until further order of the court or instructing the state credit union to deliver the property, in whole or in part, as indicated in the order or process.   b. Deliver to the state credit union a bond, in form and amount with sureties satisfactory to the state credit union, indemnifying the state credit union against any liability, loss, or expense which the state credit union might incur because of its refusal to deliver the property to any person described in subsection 1, paragraph “a” or “b”.  2007 Acts, ch 174, §50
IA Code § 533.321 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.321 - Authority to receive property for safekeeping.

533.321 Authority to receive property for safekeeping.   1. A state credit union may accept property for safekeeping if the state credit union issues a receipt for the property, except in the case of night depositories.   a. A state credit union accepting property for safekeeping shall purchase and maintain reasonable insurance coverage to ensure against loss incurred in connection with the acceptance of property for safekeeping.   b. Property held for safekeeping shall not be commingled with the property of the state credit union or the property of others.   2. A state credit union has a lien upon any property held for safekeeping and for expenses incurred in any sale made pursuant to this subsection.   a. If the charge for safekeeping of property is not paid within six months from the day the charge is due, at any time after the six months and while the charge remains unpaid, the state credit union may mail a notice to the member at the member’s last known address as shown upon the records of the state credit union, stating that if the amount due is not paid on or before a specified day, which shall be at least thirty days after the date of mailing the notice, the state credit union will remove the property from safekeeping and hold the property for the account of the member.   b. After the expiration of the period specified in the notice, if the charge for safekeeping has not been paid, the state credit union may remove the property from safekeeping, cause the property to be inventoried, and hold the property for the account of the member.   c. If the property is not claimed within two years after its removal from safekeeping, the state credit union may proceed to sell so much of the property as is necessary to pay the charge which remains unpaid and the expense incurred in making the sale in the manner provided for in section 533.320, subsections 4 and 5.   d. The proceeds of any sale made pursuant to this section, after payment of any amounts with respect to which the state credit union has a lien, any property that was not offered for sale, and property which, although offered for sale, was not sold, shall be retained by the state credit union until such time as the property is presumed abandoned according to section 556.2, and shall be handled pursuant to chapter 556.  2007 Acts, ch 174, §52  Referred to in §533.319
IA Code § 533.322 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.322 - Preservation of records.

533.322 Preservation of records.   1. The superintendent may adopt rules regarding the preservation of records and files of a state credit union or any other person supervised or regulated by the superintendent. A state credit union is not required to preserve its records for a period longer than seven years after the first day of January of the year following the time of the making or filing of such records. However, account records showing unpaid balances due to depositors shall not be destroyed.   2. A copy of an original may be kept in lieu of any original records.   a. For purposes of this section, a copy includes any duplicate, rerecording or reproduction of an original record from any photograph, photostat, microfilm, microcard, miniature or microphotograph, computer printout, electronically stored data or image, or other process that accurately reproduces or forms a durable medium for accurately and legibly reproducing an unaltered image or reproduction of the original record.   b. A copy is deemed to be an original and shall be treated as an original record in a judicial or administrative proceeding for purposes of admissibility in evidence. A facsimile, exemplification, or certified copy of any such copy reproduced from a film record is deemed to be a facsimile, exemplification, or certified copy of the original.  2007 Acts, ch 174, §53; 2011 Acts, ch 87, §3  Referred to in §533.404
IA Code § 533.323 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.323 - Photographic records.

533.323 Photographic records.   1. Any state credit union writing or record, or a photostatic or photographic reproduction of such writing or record, whether in the form of an entry in a book or otherwise, made as a memorandum or record of any act, transaction, occurrence, or event, shall be admissible in evidence as proof of the act, transaction, occurrence, or event, if made in the regular course of business.   2. A printout or other tangible output, readable by sight, shown to accurately reflect data contained in a promissory note, negotiable instrument, or letter of credit, that contains a signature made or created by electronic or digital means such that it is stored by a computer or similar device, is deemed to be an original of such note, instrument, or letter for purposes of presenting such note, instrument, or letter for payment, acceptance, or honor, or for purposes of a judicial proceeding involving a claim based upon such note, instrument, or letter.  2007 Acts, ch 174, §54
IA Code § 533.324 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.324 - Preservation of records — statute of limitations.

533.324 Preservation of records — statute of limitations.   1. All causes of action, other than actions for relief on the grounds of fraud or mistake, against a state credit union based upon a claim or claims founded on a written contract, or a claim or claims inconsistent with an entry or entries in a state credit union record, made in the ordinary course of business, shall be deemed to have accrued, and shall accrue for the purpose of the statute of limitations one year after the breach or failure of performance of a written contract, or one year after the date of such entry or entries. No action founded upon such a cause may be brought after the expiration of six years from the date of such accrual.   2. In any cause or proceeding in which state credit union records or files may be called in question or be demanded of the state credit union, or any officer or employee of the state credit union, a showing that such records or files have been destroyed in accordance with the provisions of this chapter or rules adopted pursuant to this chapter shall be a sufficient excuse for the failure to produce them.  2007 Acts, ch 174, §55; 2011 Acts, ch 87, §4
IA Code § 533.325 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.325 - Confidentiality of state credit union information.

533.325 Confidentiality of state credit union information.   1. The directors, officers, committee members, and employees of a state credit union shall hold in confidence all information regarding transactions of the state credit union, including information regarding transactions with its members and their personal affairs, except to the extent necessary in connection with any of the following:   a. Making, extending, or collecting a loan or line of credit.   b. Guaranteeing of member share drafts by third parties.   c. Communicating with an insurance company for the purpose of facilitating the availability or continuation of the insurance or bond of the state credit union or the resolution of a claim, pursuant to section 533.308, subsection 3.   d. Pursuant to a confidentiality agreement that is executed pursuant to section 533.108, subsection 1.   e. Complying with the examination of credit union records by regulatory authorities .   f. Compliance with an order from a court having jurisdiction over the state credit union.   2. The board of directors may authorize participation of a state credit union in a credit or consumer reporting agency if the board has determined that use of such an agency is essential in making and extending a loan or line of credit, or guaranteeing member share drafts, and that information supplied by the state credit union to such agency will be made available only to legitimate members of that agency having a legitimate business need for the information in connection with a business transaction involving the state credit union.  2007 Acts, ch 174, §56; 2012 Acts, ch 1020, §17  Referred to in §533.113
IA Code § 533.326 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.326 - Governmental employees.

533.326 Governmental employees.   1. When a state credit union has been organized by the employees of the state or any political subdivision of the state, the officer who writes warrants for the state or other governmental body by which any public employee state credit union member is employed, may withhold from the salary or wages of the employee, and pay over to such state credit union, sums as may be designated by written authorization signed by the employee.   2. The provisions of section 539.4 shall have no application to this section.  2007 Acts, ch 174, §57
IA Code § 533.327 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.327 - Change in place of business.

533.327 Change in place of business. Repealed by 2016 Acts, ch 1030, §9. See §533.201A.
IA Code § 533.328 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.328 - Conducting business outside of state.

533.328 Conducting business outside of state. Repealed by 2016 Acts, ch 1030, §9. See §533.115A.
IA Code § 533.330 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.330 - Reports.

533.330 Reports.   1. A state credit union shall report quarterly at a specified time to the superintendent in a format prescribed by the superintendent for that purpose.   a. If any quarterly report is in arrears, a penalty of one hundred dollars for each day or fraction of a day such report is in arrears may be levied by the superintendent against the offending state credit union. This penalty shall be in addition to the penalty for failure to pay the annual fee pursuant to section 533.112.   b. If a quarterly report is not provided to the superintendent within thirty days of the due date, the superintendent may, after written notice to the board of directors of the state credit union, suspend or revoke the certificate of approval, take possession of the business and property of the state credit union, and order its dissolution.   2. In addition to the quarterly report, the superintendent may, from time to time, require a state credit union to provide other supplemental reports at a specified time. Failure of a state credit union to provide supplemental reports when due may result in the superintendent levying a penalty of fifty dollars per day for each day or fraction of a day such report is late.  2007 Acts, ch 174, §61
IA Code § 533.331 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.331 - Data breach — duty to notify.

533.331 Data breach — duty to notify.   1. In accordance with  12 C.F.R. pt. 748  , Appendix B, a state credit union shall maintain an information security response program that includes procedures for notifying the credit union division as soon as possible after the credit union becomes aware of an incident involving unauthorized access to or use of sensitive member information that would permit access to the member’s account, as further detailed in  12 C.F.R. pt. 748  .   2. State credit unions that experience an information security breach may be subject to chapter 715C.  2016 Acts, ch 1030, §7
IA Code § 533.332 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.332 - Reserved.

533.332 Reserved. Reserved.
IA Code § 533.333 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.333 - Reserved.

533.333 Reserved. Reserved.
IA Code § 533.334 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.334 - Reserved.

533.334 Reserved. Reserved.
IA Code § 533.335 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.335 - Reserved.

533.335 Reserved. Reserved.
IA Code § 533.336 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.336 - Reserved.

533.336 Reserved. Reserved.
IA Code § 533.337 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.337 - Reserved.

533.337 Reserved. Reserved.
IA Code § 533.338 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.338 - Reserved.

533.338 Reserved. Reserved.
IA Code § 533.339 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.339 - Reserved.

533.339 Reserved. Reserved.
IA Code § 533.340 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.340 - Reserved.

533.340 Reserved. Reserved.
IA Code § 533.341 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.341 - Reserved.

533.341 Reserved. Reserved.
IA Code § 533.342 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.342 - Reserved.

533.342 Reserved. Reserved.
IA Code § 533.343 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.343 - Reserved.

533.343 Reserved. Reserved.
IA Code § 533.344 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.344 - Reserved.

533.344 Reserved. Reserved.
IA Code § 533.345 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.345 - Reserved.

533.345 Reserved. Reserved.
IA Code § 533.346 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.346 - Reserved.

533.346 Reserved. Reserved.
IA Code § 533.347 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.347 - Reserved.

533.347 Reserved. Reserved.
IA Code § 533.348 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.348 - Reserved.

533.348 Reserved. Reserved.
IA Code § 533.349 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.349 - Reserved.

533.349 Reserved. Reserved.
IA Code § 533.350 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.350 - Reserved.

533.350 Reserved. Reserved.
IA Code § 533.351 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.351 - Reserved.

533.351 Reserved. Reserved.
IA Code § 533.352 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.352 - Reserved.

533.352 Reserved. Reserved.
IA Code § 533.353 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.353 - Reserved.

533.353 Reserved. Reserved.
IA Code § 533.354 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.354 - Reserved.

533.354 Reserved. Reserved.
IA Code § 533.355 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.355 - Reserved.

533.355 Reserved. Reserved.
IA Code § 533.356 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.356 - Reserved.

533.356 Reserved. Reserved.
IA Code § 533.357 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.357 - Reserved.

533.357 Reserved. Reserved.
IA Code § 533.358 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.358 - Reserved.

533.358 Reserved. Reserved.
IA Code § 533.359 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.359 - Reserved.

533.359 Reserved. Reserved.