Iowa Code 202A.7 – Penalties
Current as of: 2023 | Check for updates
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1. A packer who fails to file a timely, accurate, or complete purchase report as required pursuant to section 202A.2 is subject to a civil penalty of not more than five thousand dollars. Each failure by a packer to file a timely, accurate, or complete purchase report constitutes a separate violation.
Terms Used In Iowa Code 202A.7
- Contract: A legal written agreement that becomes binding when signed.
- Livestock: means live cattle, swine, or sheep. See Iowa Code 202A.1
- packer: includes an agent of the packer engaged in buying or soliciting livestock for slaughter on behalf of a packer. See Iowa Code 202A.1
- Seller: means a person who sells grain which the person has produced or caused to be produced to a licensed grain dealer, but excludes a person who executes a credit-sale contract as a seller as provided in section 203. See Iowa Code 203D.1
2. A packer who fails to post a timely, accurate, or complete purchase notice as required pursuant to section 202A.3 is subject to a civil penalty of not more than one thousand dollars. Each failure by a packer to post a timely, accurate, or complete purchase notice constitutes a separate violation.
3. A packer who includes a confidentiality provision in a contract with a livestock seller in violation of section 202A.4 is guilty of a fraudulent practice as provided in section 714.8.