533A.10 Examination of licensee — records. 1. The superintendent may examine the condition and affairs of a licensee. In connection with any examination, the superintendent may examine on oath any licensee, and anydirector, officer, employee, customer, creditor, or stockholder of a licensee concerning theaffairs and business of the licensee. The superintendent shall ascertain whether the licenseetransacts its business in the manner prescribed by the law and applicable rules. The licenseeshall pay the cost of the examination as determined by the superintendent based on theactual cost of the operation of the finance bureau of the banking division of the departmentof insurance and financial services, including the proportionate share of the administrativeexpenses in the operation of the banking division attributable to the finance bureau, asdetermined by the superintendent, incurred in the discharge of duties imposed upon thesuperintendent by this chapter. Failure to pay the examination fee within thirty days ofreceipt of demand from the superintendent shall subject the licensee to a late fee of up to fivepercent per day of the amount of the examination fee for each day the payment fee within thirty days ofreceipt of demand from the superintendent shall subject the licensee to a late fee of up to fivepercent per day of the amount of the examination fee for each day the payment is delinquent. 2. In the investigation of alleged violations of this chapter, the superintendent may compel the attendance of any person or the production of any books, accounts, records and files, andmay examine under oath all persons in attendance. 3. Except as otherwise provided by this chapter, all papers, documents, examination reports and other writings relating to the supervision of licensees are not public records andare not subject to disclosure under chapter 22. The superintendent may disclose informationto representatives of other state or federal regulatory authorities. The superintendent mayrelease summary complaint information as long as the information does not specificallyidentify the complainant. The superintendent may prepare and circulate reports reflectingfinancial information examination results for all licensees on an aggregate basis, includingother information considered pertinent to the purpose of each report for general statisticalinformation. ingfinancial information examination results for all licensees on an aggregate basis, includingother information considered pertinent to the purpose of each report for general statisticalinformation. The superintendent may prepare and circulate reports provided by law. Thesuperintendent may release the reports and correspondence in the course of an enforcementproceeding or a hearing held by the superintendent and may provide this information to theattorney general for purposes of enforcing this chapter or the consumer fraud Act, section714.16. 4. The superintendent may receive documents, materials, or other information, including otherwise confidential and privileged documents, materials, or other information, through anationwide licensing system and from other local, state, federal, or international regulatoryagencies, the conference of state bank supervisors and its affiliates and subsidiaries, thenational association of consumer credit administrators and its affiliates and subsidiaries, andany other regulator association, and shall maintain as confidential and privileged any suchdocument, material, or other information received with notice or the understanding that it subsidiaries, andany other regulator association, and shall maintain as confidential and privileged any suchdocument, material, or other information received with notice or the understanding that it isconfidential or privileged under the laws of the jurisdiction that is the source of the document,material, or other information. [C71, 73, 75, 77, 79, 81, §533A.10]2006 Acts, ch 1042, §9; 2007 Acts, ch 170, §4; 2013 Acts, ch 5, §6; 2023 Acts, ch 19, §2748Subsection 1 amended Sat Dec 23 01:36:34 2023 Iowa Code 2024, Section 533A.10 (19, 1)
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