536A.24 Electronic transactions. A licensee may engage in any transaction otherwise permitted by this chapter and applicable law, by means of either the direct transmission of electronic impulses or otherindicia of a transaction for delayed transmission to the licensee. Subject to the provisionsof chapter 527, a licensee may utilize, establish or operate, alone or with one or more otherlicensees, banks incorporated under the provisions of chapter 524 or federal law, creditunions incorporated under the provisions of chapter 533 or federal law, savings and loanassociations incorporated under the provisions of federal law, or third parties, the satelliteterminals permitted under chapter 527, by means of which the licensee may transmit toor receive from any customer electronic impulses constituting transactions pursuant tothis section. However, such utilization, establishment or operation is lawful only when incompliance with chapter 527. Nothing in this section authorizes a licensee or other personto engage in transactions not otherwise permitted by applicable law, nor does anything inthis section repeal, replace or in any other way affect any applicable law or rule regardingthe or other personto engage in transactions not otherwise permitted by applicable law, nor does anything inthis section repeal, replace or in any other way affect any applicable law or rule regardingthe maintenance of or access to financial information maintained by a licensee. [C81, §536A.24]2012 Acts, ch 1017, §137 Sat Dec 23 01:39:24 2023 Iowa Code 2024, Section 536A.24 (16, 0)
Iowa Legal Code