§ 533d-13

533D.13 Cease and desist order — injunction. 1. If the superintendent believes that any person has engaged in or is about to engage in an act or practice constituting a violation of this chapter or any rule adopted or orderissued by the superintendent, the superintendent may issue and serve on the person a ceaseand desist order. Upon entry of a cease and desist order the superintendent shall promptlynotify in writing all persons to whom the order is directed that it has been entered and thereasons for the order. Any person to whom the order is directed may request in writing ahearing within fifteen business days after the date of the issuance of the order. Upon receiptof the written request, the matter shall be set for hearing within fifteen business days ofthe receipt by the superintendent, unless the person requesting the hearing consents to alater date. If a hearing is not requested within fifteen business days and none is orderedby the superintendent, the order of the superintendent shall automatically become final andremain in effect until modified or vacated by the superintendent.

n fifteen business days and none is orderedby the superintendent, the order of the superintendent shall automatically become final andremain in effect until modified or vacated by the superintendent. If a hearing is requested orordered, the superintendent, after notice and hearing, shall issue written findings of fact andconclusions of law and shall affirm, vacate, or modify the order. 2. The superintendent may vacate or modify an order if the superintendent finds that the conditions which caused its entry have changed or that it is otherwise in the public interestto do so. Any person aggrieved by a final order of the superintendent may appeal the orderas provided in chapter 17A. 3. If it appears that a person has engaged in or is engaging in an act or practice in violation of this chapter, the attorney general may initiate an action in the district court to enjoin suchacts or practices and to enforce compliance with this chapter. Upon a showing of a violationof this chapter, a permanent or temporary injunction, restraining order, or writ of mandamusshall be granted or a receiver or conservator may be appointed to oversee the person’s assets.The attorney general shall not be

ermanent or temporary injunction, restraining order, or writ of mandamusshall be granted or a receiver or conservator may be appointed to oversee the person’s assets.The attorney general shall not be required to post a bond. 95 Acts, ch 139, §13; 2018 Acts, ch 1041, §127 Sat Dec 23 01:37:20 2023 Iowa Code 2024, Section 533D.13 (18, 0)