Iowa § 527.1 Statement of intent

Iowa Statutes

§ 527.1 — Statement of intent

Iowa § 527.1

Title XIIICOMMERCE

Ch. 527ELECTRONIC TRANSFER OF FUNDS

This text of Iowa § 527.1 (Statement of intent) 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 § 527.1 (2026).

Text

The general assembly declares as its purpose in adopting this chapter to provide:

1.That electronic funds transfer systems should provide reliable service to the consumer with full protection of privacy of personal financial information.

2.That electronic funds transfer systems should not impair the safety and soundness of a person’s funds.

3.That electronic funds transfer systems are essential facilities in the channels of commerce.

4.That regulation of electronic funds transfer systems should be fair and not unduly impede the development of new technologies which benefit the public.

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The general assembly declares as its purpose in adopting this chapter to provide:
1. That electronic funds transfer systems should provide reliable service to the consumer
with full protection of privacy of personal financial information.
2. That electronic funds transfer systems should not impair the safety and soundness of
a person’s funds.
3. That electronic funds transfer systems are essential facilities in the channels of
commerce.
4. That regulation of electronic funds transfer systems should be fair and not unduly
impede the development of new technologies which benefit the public.