Iowa Code § 533C.704
Disclosures for payroll processing services
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2025
As of January 1, 2012
The superintendent may enter into a consent order at any time with a person to resolve a matter arising under this chapter or a rule adopted or order issued under this chapter. A consent order must be signed by the person to whom it is issued or by the person’s authorized representative, and must indicate agreement with the terms contained in the order. A consent order may provide that it does not constitute an admission by a person that this chapter or a rule adopted or an order issued under this chapter has been violated.
1. A licensee that provides payroll processing services shall do all of the following:
a. Issue reports to clients detailing client payroll obligations in advance of the payroll funds being deducted from an account.
b. Make available worker pay stubs or an equivalent statement to workers.
2. This section does not apply to a licensee providing payroll processing services where the licensee’s client designated the intended recipients to the licensee and the licensee is responsible for providing the disclosures required by subsection 1, paragraph “a”.
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.