Iowa Code 535B.6A – Change of name — change of control — notice and approval required
Current as of: 2023 | Check for updates
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1. A licensee shall submit a notice of name change and a twenty-five dollar fee for each license to the administrator thirty days prior to changing the name of the licensee.
Terms Used In Iowa Code 535B.6A
- Administrator: means the superintendent of the division of banking of the department of commerce. See Iowa Code 535B.1
- Licensee: means a person licensed under this chapter; however, any natural person who is acting solely as an employee or agent of a mortgage banker, mortgage broker, or closing agent licensed under this chapter need not be separately licensed under this chapter. See Iowa Code 535B.1
- Registrant: means a person registered under section 535B. See Iowa Code 535B.1
2. The prior written approval is required whenever a change in control of a licensee or registrant is proposed. For purposes of this section, “control” means as defined in section 524.103. The administrator may require the licensee to provide any information deemed necessary by the administrator to determine whether a new application is required. At the time of requesting the approval, the licensee or registrant requesting the change of control shall pay to the administrator a fee of one hundred dollars.