Iowa Statutes
§ 533C.705 — Civil penalties
Iowa § 533C.705
This text of Iowa § 533C.705 (Civil penalties) 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 § 533C.705 (2026).
Text
ARTICLE 8 PRUDENTIAL STANDARDS 533C.801 Net worth.
1.A licensee under this chapter shall maintain at all times a tangible net worth of the
greater of one hundred thousand dollars or three percent of total assets for the first one
hundred million dollars, two percent of additional assets for one hundred million dollars to
one billion dollars, and half of one percent of additional assets for over one billion dollars.
2.Tangible net worth shall be demonstrated at initial application by the applicant’s most
recent audited or unaudited financial statements pursuant to section 533C.303, subsection 2,
paragraph “f”.
3.Notwithstanding the foregoing provisions of this section, the superintendent shall have
the authority, for good cause shown, to exempt any applicant or licensee, in part or in wh
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Nearby Sections
15
§ 533C.1001
Uniformity of application and construction§ 533C.1002
Financial services licensing fund§ 533C.1003
Applicability§ 533C.1004
Digital financial asset transaction kiosks§ 533C.101
Short title§ 533C.102
Definitions§ 533C.103
Exemptions§ 533C.201
Implementation§ 533C.202
Confidentiality§ 533C.203
Supervision§ 533C.204
Networked supervision§ 533C.205
Relationship to federal law§ 533C.206
Net worth§ 533C.301
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Iowa § 533C.705, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/533C.705.