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Iowa Code § 533C.904

Consent orders

Known as the Uniform Money Transmission Modernization Act

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

2024 Acts, ch 1030, §6, 14, 15

The superintendent may enter into a consent order at any time with a person to resolve a matter arising under this chapter, a rule adopted under this chapter, or an order issued under this chapter. A consent order must be signed by the person to whom the consent order 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 the order does not constitute an admission by the person that the person violated this chapter, a rule adopted under this chapter, or an order issued under this chapter.

Section applies retroactively to July 1, 2023; 2024 Acts, ch 1030, §15

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