§ 524.1107 — Reserved

Iowa § 524.1107

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 524: BANKS

Text

SUBCHAPTER XII
OFFICES
524.1201 General provisions.
1. A state bank may establish and operate any number of bank offices at any location
subject to the approval and regulation of the superintendent. The superintendent shall
supervise and regulate all out-of-state branches and offices of a state bank. A bank office
may furnish all banking services ordinarily furnished to customers and depositors at the
principal place of business of the state bank which operates the office.
2. Data processing services referred to in section 524.804 may be performed for the state
bank at some other secure location.
3. Notwithstanding any of the other provisions of this section, original loan
documentation and trust recordkeeping functions may be located at any authorized bank
office or at any other secure location approved by the superintendent.

Legislative History

[C27, 31, 35, §9258-b1; C39, §9258.1; C46, 50, 54, 58, 62, 66, §528.51; C71, 73, 75, 77, 79, 81, §524.1201; 81 Acts, ch 173, §6]