Iowa Administrative Code › Agency 187 - Banking Division › Chapter 1 - Description of Organization › Rule 187-1.3 - Division of Banking

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Organization-division.
The division of banking is a
			 subdivision of the department of commerce and consists of the superintendent
			 and those employees who discharge the duties and responsibilities imposed upon
			 the superintendent by the laws of this state. The superintendent has general
			 control, supervision and regulatory authority over all entities which the
			 division is given authority to regulate pursuant to the Code of Iowa. The
			 division consists of three separate bureaus: the bank bureau, the finance
			 bureau, and the professional licensing and regulation bureau. The bank bureau
			 has primary responsibility relating to the supervision, regulation, and
			 chartering of state banks. The finance bureau has primary responsibilities
			 relating to the supervision, regulation, and licensing of appraisal management
			 companies, closing agents, debt management businesses, delayed deposit services
			 businesses, industrial loan companies, money services businesses, mortgage
			 bankers, mortgage brokers, mortgage loan originators, real estate appraisers,
			 and regulated loan companies. The professional licensing and regulation bureau
			 has primary responsibilities relating to the regulation and licensing of
			 specified professions by providing administrative support to and coordinating
			 the activities of the following licensing boards: the Iowa accountancy
			 examining board, the architectural examining board, the engineering and land
			 surveying examining board, the interior design examining board, the landscape
			 architectural examining board, and the real estate commission.
(2)
Organization-superintendent.
The superintendent is the
			 administrator of the division. The superintendent is appointed by the governor,
			 by and with the approval of the senate, for a term of four years. The
			 superintendent's office is located at 200 East Grand Avenue, Suite 300, Des
			 Moines, Iowa 50309-1827. The superintendent is assisted by the following
			 officials who are responsible to the superintendent:
a.
Bank bureau chief.
The
			 bank bureau chief performs such duties as the superintendent prescribes,
			 including general supervision of all bank examining personnel, administration
			 and supervision of regulatory examinations, and administration and supervision
			 of all matters relating to the exercise of banking powers authorized by the
			 laws of this state.
b.
Bank
			 analysts.
Bank analysts perform such duties as the superintendent
			 prescribes, including advanced technical analysis and review of examination and
			 financial reports of banks and bank holding companies; assessing, measuring,
			 and monitoring the risk conditions in state banks and bank holding companies;
			 assisting the superintendent and banking council in the analysis of
			 applications submitted to the division for approval; and the review and
			 analysis of bank examination reports.
c.
Finance bureau chief.
The
			 finance bureau chief performs duties prescribed by the superintendent,
			 including general supervision over all matters relating to the licensing and
			 supervision of appraisal management companies, closing agents, debt management
			 businesses, delayed deposit services businesses, industrial loan companies,
			 money services businesses, mortgage bankers, mortgage brokers, mortgage loan
			 originators, real estate appraisers, and regulated loan companies.
d.
Chief operating officer.
The chief operating officer performs duties prescribed by the superintendent,
			 including management of the administrative functions, information technology
			 needs, and fiscal affairs of the division of banking. The chief operating
			 officer is also responsible for administration of personnel policies, work
			 rules, payrolls, and employee benefits for all employees of the
			 division.
e.
Examiners.
Each examiner performs duties prescribed by the
			 superintendent in a manner consistent with the laws of this state and may be
			 predominantly trained in an area within the jurisdiction of the superintendent.
			 Bank examinations are performed by examining personnel situated in examination
			 regions throughout the state. Each region is headed by a regional manager who
			 is assisted by a staff of examiners.
f.
Professional licensing and
			 regulation bureau chief.
The professional licensing and regulation
			 bureau chief performs such duties as the superintendent prescribes, including
			 budgetary and personnel matters related to the licensing and regulation of
			 several professions, by providing administrative support to and coordinating
			 the activities of the following licensing boards: the Iowa accountancy
			 examining board created pursuant to Iowa Code chapter 542, the engineering and
			 land surveying board created pursuant to Iowa Code chapter 542B, the real
			 estate commission created pursuant to Iowa Code chapter 543B, the architectural
			 examining board created pursuant to Iowa Code chapter 544A, the landscape
			 architectural examining board created pursuant to Iowa Code chapter 544B, and
			 the interior design examining board created pursuant to Iowa Code chapter
			 544C.