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Iowa Code § 533C.205

Relationship to federal law

Known as the Uniform Money Transmission Modernization Act

The act spans §§ 533–533 (46 sections).

2003 Acts, ch 96, §8, 42; 2013 Acts, ch 5, §9; 2023 Acts, ch 83, §9

1. In the event state money transmission jurisdiction is conditioned on a federal law, any inconsistencies between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency.

2. In the event of any inconsistencies between this chapter and a federal law that governs pursuant to subsection 1, the superintendent may provide interpretive guidance that identifies the inconsistency and the appropriate means of compliance with federal law.

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.