§ 533d-11

533D.11 Examination of records by superintendent — fees. 1. The superintendent shall examine the books, accounts, and records of each licensee at least once a year and as needed to secure information required pursuant to this chapter andto determine whether any violations of this chapter have occurred. The licensee shall pay thecost of the examination. 2. The superintendent may examine or investigate complaints or reports concerning alleged violations of this chapter or any rule adopted or order issued by the superintendent.The superintendent may order the actual cost of the examination or investigation to be paidby the person who is the subject of the examination or investigation, whether or not thealleged violator is licensed. 3. The superintendent shall determine the cost of the examination or investigation based upon the actual cost of the operation of the finance bureau of the banking divisionof the department of insurance and financial services, including the proportionate share ofadministrative expenses in the operation of the banking division attributable to the financebureau as determined by the superintendent, incurred in the discharge of duties imposedupon the

ate share ofadministrative expenses in the operation of the banking division attributable to the financebureau as determined by the superintendent, incurred in the discharge of duties imposedupon the superintendent by this chapter. 4. Failure to pay the examination or investigation fee within thirty days of receipt of demand from the superintendent shall subject the licensee to a late fee of up to five percentof the amount of the examination or investigation fee for each day the payment is delinquent. 5. The superintendent may disclose information to representatives of other state or federal regulatory authorities. The superintendent may release summary complaint information solong as the information does not specifically identify the complainant. The superintendentmay prepare and circulate reports reflecting financial information and examination resultsfor all licensees on an aggregate basis, including other information considered pertinentto the purpose of each report for general statistical information. The superintendent mayprepare and circulate reports provided by law. The superintendent may release the reportsand correspondence in the course of an enforcement proceeding or a

tistical information. The superintendent mayprepare and circulate reports provided by law. The superintendent may release the reportsand correspondence in the course of an enforcement proceeding or a hearing held by thesuperintendent. The superintendent may also provide this information to the attorney general for purposes of enforcing this chapter or the consumer fraud Act, section 714.16. 6. 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 isconfidential or privileged under the laws of the jurisdiction that is the source of the document,material, or other information.

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. 95 Acts, ch 139, §11; 2006 Acts, ch 1042, §32; 2013 Acts, ch 5, §18; 2023 Acts, ch 19, §2751Subsection 3 amended Sat Dec 23 01:37:20 2023 Iowa Code 2024, Section 533D.11 (17, 1)