Bill Text: IA HSB90 | 2019-2020 | 88th General Assembly | Introduced
Bill Title: A bill for an act providing for the good-faith submission of information, records, applications, and documents to the credit union division.
Spectrum: Committee Bill
Status: (N/A - Dead) 2019-02-11 - Committee report, recommending passage. H.J. 254. [HSB90 Detail]
Download: Iowa-2019-HSB90-Introduced.html
House
Study
Bill
90
-
Introduced
SENATE/HOUSE
FILE
_____
BY
(PROPOSED
DEPARTMENT
OF
COMMERCE/CREDIT
UNION
DIVISION
BILL)
A
BILL
FOR
An
Act
providing
for
the
good-faith
submission
of
information,
1
records,
applications,
and
documents
to
the
credit
union
2
division.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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S.F.
_____
H.F.
_____
Section
1.
NEW
SECTION
.
533.510
Submissions
to
credit
union
1
division
——
good
faith
requirement.
2
Any
information,
record,
application,
or
document
provided
3
to
the
credit
union
division
pursuant
to
this
chapter
shall
4
be
provided
in
good
faith.
A
director,
officer,
agent,
or
5
employee
of
a
state
credit
union,
a
credit
union
service
6
organization,
or
any
other
person
shall
not
intentionally
7
publish,
report,
submit,
file,
or
cause
to
be
filed
with
the
8
division
any
information,
record,
application,
or
document
9
that
is
false
or
misleading
by
statement
or
omission.
Any
10
information,
record,
application,
or
document
provided
to
the
11
division
in
the
absence
of
good
faith
or
in
violation
of
this
12
section
is
subject
to
revocation
of
prior
approval
or
denial,
13
if
applicable.
14
EXPLANATION
15
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
16
the
explanation’s
substance
by
the
members
of
the
general
assembly.
17
This
bill
provides
that
any
information,
record,
18
application,
or
document
provided
to
the
credit
union
division
19
pursuant
to
Code
chapter
533
shall
be
provided
in
good
faith.
20
A
director,
officer,
agent,
or
employee
of
a
state
credit
21
union,
a
credit
union
service
organization,
or
any
other
person
22
shall
not
intentionally
publish,
report,
submit,
file,
or
23
cause
to
be
filed
with
the
division
any
information,
record,
24
application,
or
document
that
is
false
or
misleading
by
25
statement
or
omission.
The
bill
provides
that
any
information,
26
record,
application,
or
document
provided
to
the
division
27
in
the
absence
of
good
faith
or
in
violation
of
the
bill
28
is
subject
to
revocation
of
prior
approval
or
denial,
if
29
applicable.
30
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