reglab/housing_qa huggingface dataset:
IA Code § 527.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 527 - ELECTRONIC TRANSFER OF FUNDS|Section 527.4 - Establishment of satellite terminals — restrictions.

527.4 Establishment of satellite terminals — restrictions.   1. A satellite terminal shall not be established within this state except by a financial institution.   2. A financial institution may establish a satellite terminal at any location within this state. This subsection does not amend, modify, or supersede any provision of chapter 524 regulating the number or locations of bank offices of a state or national bank, or authorize the establishment by a financial institution of any offices or other facilities except satellite terminals at locations permitted by this subsection.   3. A financial institution whose licensed or principal place of business is not located in this state may establish, control, maintain, or operate any number of satellite terminals at any location within this state if all satellite terminals, wherever located, that are owned, controlled, maintained, or operated by the financial institution are available for use on a nondiscriminatory basis by any other financial institution which engages in electronic transactions in this state and by all customers who have minimum contact with this state and who have been designated by a financial institution using the satellite terminal and who have been provided with an access device, approved by the administrator, by which to engage in electronic transactions by means of the satellite terminal.  [C77, 79, 81, §527.4]  87 Acts, ch 158, §4; 89 Acts, ch 86, §8 – 11; 91 Acts, ch 216, §6; 2000 Acts, ch 1232, §100 – 103, 107  Referred to in §527.2, 527.5
IA Code § 527.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 527 - ELECTRONIC TRANSFER OF FUNDS|Section 527.7 - Records maintained.

527.7 Records maintained.   1. All transactions engaged in through a satellite terminal shall be recorded in a form from which it will be possible to produce a humanly readable record of any transaction, and these recordings shall be retained by the utilizing financial institutions for the periods required by law.   2. The machine receipt provided to a satellite account transaction card user by a satellite terminal shall be admissible as evidence in any legal action or proceeding and shall constitute prima facie proof of the transaction evidence by that receipt.   3. A financial institution shall provide each of its satellite account holders with a periodic account statement that shall contain a brief description of all satellite terminal transactions sufficient to enable the account holder to identify any transaction and to relate it to machine receipts provided by satellite terminals.   4. When a periodic account statement includes both satellite terminal transactions and other nonsatellite terminal transactions, all satellite terminal transactions shall be indicated as such, and shall be accompanied by the description required by subsection 3.   5. The administrator may provide by rule for the recording and maintenance, by any financial institution utilizing a satellite terminal, of amounts involved in a transaction engaged in through the satellite terminal which are of a known tax consequence to the customer initiating the transaction. For the purpose of this subsection, “known tax consequences” means and includes but shall not be limited to the following:   a. An amount directly or indirectly received from a customer and applied to a loan account of the customer which represents interest paid by the customer to the financial institution.   b. In any transaction where the total amount involved is deducted from funds in a customer’s account and is simultaneously paid either directly or indirectly by the financial institution to the account of a third party, any portion of the transaction amount which represents a sales or other tax imposed upon or included within the transaction and collected by that third party from the customer, or any portion of the transaction amount which represents interest paid to the third party by the customer.   c. Any other transaction which the administrator determines to have direct tax consequences to the customer. The administrator also may provide for the periodic distribution to customers of summaries of transactions having known tax consequences.  [C77, 79, 81, §527.7]  91 Acts, ch 216, §12; 2012 Acts, ch 1023, §136
IA Code § 527.8A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 527 - ELECTRONIC TRANSFER OF FUNDS|Section 527.8A - Exemptions.

527.8A Exemptions.   Transactions initiated at a satellite terminal which do not involve the use of an access device to directly or indirectly affect a customer asset account are not governed by this chapter.  91 Acts, ch 216, §13
IA Code § 527.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 527 - ELECTRONIC TRANSFER OF FUNDS|Section 527.10 - Confidentiality.

527.10 Confidentiality.   A satellite terminal, data processing center, or central routing unit shall not be operated in any manner to permit any person to obtain information concerning the account of any person with a financial institution, unless such information is essential to complete or prevent the completion of a transaction then being engaged in through the use of that facility.   A financial institution, data processing center, central routing unit, or other person shall not disseminate any information relating to the use of a multiple use terminal without the written authorization of the retailer on whose premises the terminal is located, or of the owner or operator of the terminal or the financial institution controlling the terminal. This section shall not, however, prohibit or restrict the use of information received in the processing, authorization, or rejection of a requested electronic funds transfer transaction, where such use is necessary or incidental to the processing, authorization, or rejection, or to reconciling disputes or resolving questions raised by a retailer, financial institution, consumer, or any other person regarding the transaction.  [C77, 79, 81, §527.10]  87 Acts, ch 158, §15
IA Code § 527.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 527 - ELECTRONIC TRANSFER OF FUNDS|Section 527.11 - Rulemaking.

527.11 Rulemaking.   The administrator shall have the power to adopt and promulgate rules pursuant to chapter 17A as in the administrator’s opinion will be necessary to properly and effectively carry out and enforce the provisions of this chapter.  [C77, 79, 81, §527.11]  Referred to in §527.2
IA Code § 527.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 527 - ELECTRONIC TRANSFER OF FUNDS|Section 527.12 - Revocation of privilege.

527.12 Revocation of privilege.   Whenever the administrator determines, upon notice and hearing pursuant to chapter 17A, that a satellite facility or data processing center or central routing unit is being operated in violation of this chapter, the administrator may revoke the approval to operate that facility. If the administrator does not have any direct authority over the facility because of the provisions of section 527.3, the administrator may revoke with respect to any financial institution over which the administrator does have direct authority the privilege to engage in transactions through or with that facility. A revocation by the administrator shall be effective when ordered by the administrator, anything in chapter 17A to the contrary notwithstanding. The administrator may bring an action in the district court in the name of the state to enjoin any financial institution or other person who continues to utilize or to operate a satellite terminal or data processing center or central routing unit after the approval has been revoked. The administrator also may bring such an action to enjoin any person who fails to obtain any approval required by this chapter.  [C77, 79, 81, §527.12]  Referred to in §527.2
IA Code § 528.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 528 - ALTERNATIVE MORTGAGE LOANS|Section 528.1 - Title.

528.1 Title.   This chapter is entitled “Alternative and Reverse Annuity Mortgage Loan Act”.  89 Acts, ch 267, §1
IA Code § 528.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 528 - ALTERNATIVE MORTGAGE LOANS|Section 528.2 - Definitions.

528.2 Definitions.   As used in this chapter, unless the context otherwise requires:   1. “Administrator” means the superintendent of banking and the superintendent of credit unions within the department of commerce.   2. “Alternative mortgage loan” means a mortgage loan which is a reverse annuity mortgage loan or graduated payment mortgage loan.   3. “Financial institution” means financial institution as defined in section 535A.1.   4. “Graduated payment mortgage loan” means a mortgage loan in which principal and interest payments, if any, and the making of additional advances, if any, are scheduled to reflect the prospective increasing or decreasing income of the mortgagor.   5. “Mortgage loan” means a loan secured by a first mortgage on one, two, three, or four family, owner-occupied residential real property.   6. “Reverse annuity mortgage loan” means a mortgage loan in which either the loan proceeds are used to purchase an annuity with the annuity proceeds to be advanced to the mortgagors, or the loan proceeds are directly advanced to the mortgagors, in ten or more installments, either directly or indirectly, and which together with unpaid interest, if any, are to be repaid in accordance with section 528.7.  89 Acts, ch 267, §2; 2012 Acts, ch 1017, §125
IA Code § 528.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 528 - ALTERNATIVE MORTGAGE LOANS|Section 528.3 - Financial institutions allowed to make alternative mortgages.

528.3 Financial institutions allowed to make alternative mortgages.   A financial institution may make alternative mortgage loans in accordance with this chapter. General provisions governing a financial institution’s mortgage loans apply to alternative mortgage loans unless inconsistent with the provisions of this chapter. This chapter does not prohibit a financial institution from making any loan which is not an alternative mortgage loan, provided such loan otherwise complies with applicable laws.  89 Acts, ch 267, §3
IA Code § 528.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 528 - ALTERNATIVE MORTGAGE LOANS|Section 528.4 - Prepayment penalty prohibited.

528.4 Prepayment penalty prohibited.   A financial institution making an alternative mortgage loan may contract with the mortgagor for interest to be paid currently or to accrue, and if accrued, for accrued interest to be added to the mortgage debt on which interest may be charged and collected. Accrued interest which is added to the mortgage debt shall be secured by the mortgage to the same extent as the principal of the alternative mortgage loan. An instrument evidencing an alternative mortgage loan shall not contain a provision imposing a penalty for prepayment of the loan.  89 Acts, ch 267, §4
IA Code § 528.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 528 - ALTERNATIVE MORTGAGE LOANS|Section 528.5 - Disclosure of alternative mortgage loan information to applicants.

528.5 Disclosure of alternative mortgage loan information to applicants.   1. A financial institution that offers or makes an alternative mortgage loan shall include in any disclosure of the rates or availability of mortgage loans, the rates and availability of reverse annuity mortgages or graduated payment mortgage loans, if and when such loans are offered. The administrator may prescribe by rule forms for the required disclosures.   2. A prospective mortgage loan applicant shall have the choice of applying for a mortgage loan or any type of alternative mortgage loan offered by the financial institution.  89 Acts, ch 267, §5
IA Code § 528.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 528 - ALTERNATIVE MORTGAGE LOANS|Section 528.6 - Prototype plan for alternative mortgage loans — approval by administrator.

528.6 Prototype plan for alternative mortgage loans — approval by administrator.   1. Before a financial institution makes an alternative mortgage loan, it shall submit to the administrator for that type of institution, for the administrator’s approval, the prototype plan and subsequent amendments to the plan under which alternative mortgage loans are to be made. A plan submitted shall include a copy of the form of note and mortgage instrument that will be used for that type of alternative mortgage loan, a detailed description of how the plan will function, and other information as the administrator requires. The administrator shall specifically review the mortgage instrument submitted as part of the plan to ensure that any default provisions included in the deed pursuant to section 528.7, subsection 2, paragraph “c”, are necessary to protect the interests of the mortgagee and are fair and equitable for the mortgagor. A reverse annuity mortgage shall provide that the mortgagor or mortgagors of the property shall retain a life estate in the property until the death of the mortgagor or all of the mortgagors, notwithstanding that the annuity may expire prior to the end of the life estate, depending upon the terms of the annuity.   2. The administrator may approve any plan and amendment to a plan that in the administrator’s opinion serves the best interests of prospective mortgagors and mortgagees. The administrator’s considerations shall include, without limitation, the flexibility of each plan to serve the differing needs of various persons who may apply for an alternative mortgage loan under the plan.   3. If the administrator approves the plan or amendment, the financial institution may make alternative mortgage loans in accordance with the approved plan and any approved amendments.   4. This section applies to all alternative mortgage loans made on or after January 1, 1990.  89 Acts, ch 267, §6
IA Code § 528.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 528 - ALTERNATIVE MORTGAGE LOANS|Section 528.7 - Reduction in installment payments — repayment of mortgage debt.

528.7 Reduction in installment payments — repayment of mortgage debt.   1. If the mortgagee or its assignee and the mortgagor agree, any installment payment of either the loan proceeds or an annuity purchased with the loan proceeds of a reverse annuity mortgage loan may be reduced by an amount used for partial repayment of the mortgage debt, except as provided in subsection 2 of this section.   a. Notwithstanding any such reduction, each mortgagor shall receive a cash payment in each installment for the term of the annuity or, if no annuity, for the term during which the mortgagee contracted with the mortgagor to advance the loan proceeds.   b. Except as provided in subsection 2, no repayments of any part of the mortgage debt shall be required from the mortgagor after termination of the period during which loan proceeds or any annuity purchased with the loan proceeds are advanced to the mortgagor.   2. If the mortgagee or its assignee and the mortgagor agree, and at the option of the mortgagee, advances under a reverse annuity mortgage loan may terminate and the entire unpaid balance of the loan plus accrued interest may become due and payable upon the occurrence of any of the following events:   a. The death of the last surviving mortgagor.   b. The sale or other transfer of the real estate securing the loan to a person other than any of the original mortgagors.   c. Any other occurrence which materially decreases the value of the property securing the loan or which will have the likely effect of causing the loan not to be repaid. Any such additional occurrence shall be clearly described in the note or mortgage instrument.  89 Acts, ch 267, §7  Referred to in §528.2, 528.6
IA Code § 528.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 528 - ALTERNATIVE MORTGAGE LOANS|Section 528.8 - Interest on graduated payment mortgage loans.

528.8 Interest on graduated payment mortgage loans.   A graduated payment mortgage loan offered or made by a financial institution shall provide for interest at a specified rate or a series of specified rates.  89 Acts, ch 267, §8
IA Code § 528.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 528 - ALTERNATIVE MORTGAGE LOANS|Section 528.9 - Rules.

528.9 Rules.   The administrator may adopt rules pursuant to chapter 17A, as the administrator deems necessary and convenient to carry out the provisions of this chapter.  89 Acts, ch 267, §9
IA Code § 529.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 529 - IOWA FINANCIAL TRANSACTION REPORTING ACT|Section 529.3 - Investigations.

529.3 Investigations.   1. The attorney general or county attorney may conduct investigations within or outside this state to determine if any licensee, authorized delegate, money transmitter, or person engaged in a trade or business has failed to file a report required by this chapter or has engaged or is engaging in any act, practice, or transaction that constitutes a violation of this chapter.   2. Upon presentation of a subpoena from a prosecuting attorney, all licensees, authorized delegates, money transmitters, and financial institutions shall make their books and records available to the attorney general or county attorney or peace officer during normal business hours for inspection and examination in connection with an investigation pursuant to this section.  96 Acts, ch 1133, §36
IA Code § 529.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 529 - IOWA FINANCIAL TRANSACTION REPORTING ACT|Section 529.4 - Uniformity of construction and application.

529.4 Uniformity of construction and application.   1. The provisions of this chapter shall be liberally construed to effectuate its remedial purposes. Civil remedies under this chapter shall be supplemental and not mutually exclusive. The civil remedies do not preclude and are not precluded by other provisions of law.   2. The provisions of this chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting the law and to make the reporting requirements regarding financial transactions under Iowa law uniform with the reporting requirements regarding financial transactions under federal law.   3. The attorney general is authorized to enter into reciprocal agreements with the attorney general or chief prosecuting attorney of any state to effectuate the purposes of this chapter.  96 Acts, ch 1133, §37
IA Code § 533.101 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.101 - Title.

533.101 Title.   This chapter shall be known as the “Iowa Credit Union Act”.  2007 Acts, ch 174, §1
IA Code § 533.102 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.102 - Definitions.

533.102 Definitions.   As used in this chapter, unless the context otherwise requires:   1. “Account insurance plan” means an arrangement providing account and share insurance which is of a type authorized under section 533.307.   2. “Common bond” means the shared characteristic of members of a credit union.   3. a. “Credit union” means a cooperative, nonprofit association, organized or incorporated in accordance with the provisions of this chapter or under the laws of another state or the Federal Credit Union Act, 12 U.S.C. §1751 et seq., for the purposes of creating a source of credit at a fair and reasonable rate of interest, of encouraging habits of thrift among its members, and of providing an opportunity for its members to use and control their own money on a democratic basis in order to improve their economic and social condition.   b. A “credit union” is also a “supervised financial organization” as that term is defined and used in chapter 537, the Iowa consumer credit code.   4. “Credit union service organization” means a corporation, limited partnership, or limited liability company organized under state law to provide financial and financial-related services for one or more credit unions, each of which owns part of the capital stock of the credit union service organization, as authorized under section 533.301, subsection 5, paragraph “f”, and which corporation, limited partnership, or limited liability company is subject to examination by the credit union division of the Iowa department of commerce or a federal supervisory agency.   5. “Ownership share” means a share of a credit union acquired by a member at the time membership is initiated.   6. “Review board” means the credit union review board.   7. “State credit union” means a credit union organized pursuant to section 533.201.   8. “Superintendent” means the superintendent of credit unions appointed pursuant to section 533.104.  2007 Acts, ch 174, §2; 2012 Acts, ch 1023, §138; 2013 Acts, ch 17, §1  Referred to in §12C.13, 252I.1, 421.17A
IA Code § 533.103 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.103 - Credit union division created.

533.103 Credit union division created.   A credit union division of the department of commerce is created to administer this chapter.  2007 Acts, ch 174, §3  Referred to in §546.4
IA Code § 533.104 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.104 - Superintendent.

533.104 Superintendent.   1. A superintendent of credit unions shall be appointed by the governor, subject to confirmation by the senate, to regulate credit unions.   a. The appointee shall be selected solely with regard to qualification and fitness to discharge the duties of office.   b. The individual appointed shall have at least five years’ experience as a director or executive officer of a credit union, or comparable experience in the regulation or examination of credit unions. For purposes of this paragraph, credit union membership does not qualify as credit union experience.   2. The superintendent shall have an office at the seat of government. The superintendent’s term of office shall be four years beginning and ending as provided by section 69.19. The governor may remove the superintendent for malfeasance in office, or for any cause that renders the superintendent ineligible, incapable, or unfit to discharge the duties of the office.   3. The superintendent shall receive a salary set by the governor within a range established by the general assembly.   4. A vacancy in the office of superintendent shall be filled for the unexpired portion of the regular term.   5. The superintendent may adopt rules as necessary or appropriate to administer this chapter, subject to the prior approval of the rules by the review board.  2007 Acts, ch 174, §4  Referred to in §533.102, 546.4  Confirmation, see §2.32
IA Code § 533.105 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 533 - CREDIT UNIONS|Section 533.105 - Deputy superintendent.

533.105 Deputy superintendent.   1. The superintendent may appoint an employee of the credit union division as deputy superintendent to perform the duties of the superintendent during the superintendent’s absence or inability to act.   2. The deputy superintendent shall serve at the pleasure of the superintendent. If the office of the superintendent becomes vacant, the deputy superintendent shall have all powers and duties of the superintendent until a new superintendent is appointed by the governor in accordance with this chapter.   3. The deputy superintendent shall receive a salary to be fixed by the superintendent.  2007 Acts, ch 174, §5