Iowa Code 537.6105 – Administrative powers with respect to supervised financial organizations and supervised loan licensees
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1. With respect to supervised financial organizations subject to regulation under chapter 524 or 533, and persons licensed under chapters 536 and 536A, the powers of examination and investigation as provided in sections 537.2305 and 537.6106, and administrative enforcement as provided in sections 537.2303 and 537.6108, shall be exercised by the official or agency to whose supervision the person is subject. All other powers of the administrator under this chapter may be exercised by the administrator with respect to such persons. In all actions or other court proceedings brought to enforce this chapter, the attorney general or the attorney general’s designee shall participate.
Terms Used In Iowa Code 537.6105
- Administrator: means the administrator designated in section 537. See Iowa Code 537.1301
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- licensee: includes any person subject to regulation by a licensing authority. See Iowa Code 537.2301
- Organization: means a corporation, government or governmental subdivision or agency, trust, estate, cooperative, or association. See Iowa Code 537.1301
- Person: means :a. See Iowa Code 537.1301
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
2. If the administrator receives a complaint or other information concerning noncompliance with this chapter by a person specified in subsection 1, the administrator shall inform the official or agency having supervisory authority over that person. The administrator may obtain information about any such person from the officials or agencies supervising them.3. The administrator and any official or agency of this state having supervisory authority over a supervised financial organization or a chapter 536 or 536A licensee are authorized and directed to consult and assist one another in maintaining compliance with this chapter. They may jointly pursue investigations, prosecute suits, and take other official action against violations of this chapter, as they deem appropriate, if either of them otherwise is empowered to take the action.