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Iowa Code § 533C.906

Civil penalties

Known as the Uniform Money Transmission Modernization Act

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

2024 Acts, ch 1030, §8, 14, 15

The superintendent may assess a civil penalty against a person who violates this chapter, a rule adopted under this chapter, or an order issued under this chapter in an amount not to exceed one thousand dollars per day for each day the violation is outstanding, plus the state’s costs and expenses for the investigation and prosecution of the matter, including reasonable attorney fees.

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.