Iowa § 203.22 Prioritization of inspections of grain dealers

Iowa Statutes

§ 203.22 — Prioritization of inspections of grain dealers

Iowa § 203.22

Title VAGRICULTURE

Ch. 203GRAIN DEALERS

This text of Iowa § 203.22 (Prioritization of inspections of grain dealers) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 203.22 (2026).

Text

The department shall develop a system to prioritize the inspections of grain dealers
provided in section 203.9. The system of prioritization shall be computed each year based
on the risk of loss to the grain depositors and sellers indemnity fund caused by the possible
insolvency of the grain dealer. The department shall compute the risk by utilizing an
available statistical model to measure the financial condition of grain dealers, and especially
grain dealers who execute credit-sale contracts. Procedures for utilizing the statistical
model shall be adopted by department rules. The statistical model shall be used to provide
risk ratings. A risk rating shall be used as a factor by the department to prioritize its
inspection schedule. The department may use a risk rating produced by the stat

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The department shall develop a system to prioritize the inspections of grain dealers
provided in section 203.9. The system of prioritization shall be computed each year based
on the risk of loss to the grain depositors and sellers indemnity fund caused by the possible
insolvency of the grain dealer. The department shall compute the risk by utilizing an
available statistical model to measure the financial condition of grain dealers, and especially
grain dealers who execute credit-sale contracts. Procedures for utilizing the statistical
model shall be adopted by department rules. The statistical model shall be used to provide
risk ratings. A risk rating shall be used as a factor by the department to prioritize its
inspection schedule. The department may use a risk rating produced by the statistical model
as justification to inspect the grain dealer at any time. A substantial risk of loss to the grain
depositors and sellers indemnity fund caused by the possible insolvency of the grain dealer
based on the statistical model shall be good cause.