537.6105 Administrative powers with respect to supervised financial organizations and supervised loan licensees. 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 andinvestigation as provided in sections 537.2305 and 537.6106, and administrative enforcementas provided in sections 537.2303 and 537.6108, shall be exercised by the official or agencyto whose supervision the person is subject. All other powers of the administrator under thischapter may be exercised by the administrator with respect to such persons. In all actions orother court proceedings brought to enforce this chapter, the attorney general or the attorneygeneral’s designee shall participate. 2. If the administrator receives a complaint or other information concerning noncompliance with this chapter by a person specified in subsection 1, the administratorshall inform the official or agency having supervisory authority over that person. The administrator may obtain information about any such person from the officials or agenciessupervising them. 3. torshall inform the official or agency having supervisory authority over that person. The administrator may obtain information about any such person from the officials or agenciessupervising 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 authorizedand 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 againstviolations of this chapter, as they deem appropriate, if either of them otherwise is empoweredto take the action. [C75, 77, 79, 81, §537.6105]2012 Acts, ch 1017, §147Referred to in §524.227, 533.116, 536.29, 536A.29, 537.6106, 537.6108 Sat Dec 23 01:41:06 2023 Iowa Code 2024, Section 537.6105 (20, 0)
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