SF 403 (LSB 1204SV (3) 88)

RELATING TO THE SUBPOENA POWERS OF THE SUPERINTENDENT OF  CREDIT UNIONS, AND MAKING PENALTIES APPLICABLE. 

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 533.505, subsection 1, Code 2019, is amended to read as follows:
   1.  The superintendent or the superintendent’s designee may subpoena witnesses, compel their attendance, administer an oath, examine any person under oath, and require the production of any relevant record during the related to any period of 

examination, or related to any report or filing made by or provided to the credit union division.

______________________________
CHARLES SCHNEIDER
President of the Senate

______________________________
LINDA UPMEYER
Speaker of the House

   I hereby certify that this bill originated in the Senate and is known as Senate File 403, Eighty-eighth General Assembly.

______________________________
W. CHARLES SMITHSON
Secretary of the Senate

Approved _______________, 2019

______________________________
KIM REYNOLDS
Governor