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Iowa Code § 533C.908

Administrative proceedings

Known as the Uniform Money Transmission Modernization Act

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

2024 Acts, ch 1030, §10, 14, 15

1. Except as otherwise provided in section 533C.903, the superintendent shall not suspend or revoke a license, place a licensee in receivership, issue an order to cease and desist, suspend or revoke the designation of an authorized delegate, or assess a civil penalty without notice and an opportunity to be heard.

2. The superintendent shall hold a hearing when requested by an applicant whose application for a license is denied.

3. All administrative proceedings under this chapter shall be conducted in accordance with chapter 17A.

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.