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Section 16.27A Powers relating to loans.
2024 Code of Iowa
Subject to any agreement with bondholders or noteholders, the authority may renegotiate a mortgage or secured loan or a loan to a lending institution in default, waive a default or consent to the modification of the terms of a mortgage or secured loan...
Section 16.31 Moneys of the authority.
2024 Code of Iowa
Moneys of the authority from whatever source derived, except as otherwise provided in this chapter, shall be paid to the authority and shall be deposited in a bank or other financial institution designated by the authority. The moneys shall be withd...
Tagged topics: accounts, audits, bonds, depositories, financial institutions, public finance, public funds
Section 16.38 Loans to lending institutions.
2024 Code of Iowa
The authority may make, and contract to make, loans to lending institutions on terms and conditions as the authority determines are reasonably related to protecting the security of the authority’s investment and to implementing the purposes of this c...
Tagged topics: banks, bonds, collateral, financial institutions, housing, interest, loans, mortgages, poverty, savings and loan associations
Rules Implementing Statutes:
Section 16.39 Purchase of mortgage loans.
2024 Code of Iowa
The authority may purchase, and make advance commitments to purchase, mortgage loans from lending institutions at prices and upon terms and conditions as the authority determines subject to this section. However, the total purchase price for all mor...
Rules Implementing Statutes:
Section 16.45 Manufactured housing program fund.
2024 Code of Iowa
A manufactured housing program fund is created within the authority to further the goal of providing affordable housing to Iowans. The moneys in the fund are to be used for the purpose of providing funding to financial institutions or other lenders to...
Rules Implementing Statutes:
Section 422.60 Imposition of tax — credit.
2024 Code of Iowa
A franchise tax according to and measured by net income is imposed on financial institutions for the privilege of doing business in this state as financial institutions. Reserved. Reserved. The taxes imposed under this subchapter shall be reduced by...
Tagged topics: banks, financial institutions, franchise taxes, production credit associations, taxation, trust companies
Section 422.62 Due and delinquent dates.
2024 Code of Iowa
The franchise tax is due and payable on the first day following the end of the taxable year of each financial institution, and is delinquent after the last day of the fourth month following the due date or forty-five days after the due date of the fed...
Tagged topics: banks, financial institutions, franchise taxes, production credit associations, taxation, trust companies
Section 422.61 Definitions.
2024 Code of Iowa
In this subchapter, unless the context otherwise requires: “Financial institution” means a state bank as defined in section 524.103, a state bank chartered under the laws of any other state, a national banking association, a trust company, a fede...
Tagged topics: banks, financial institutions, franchise taxes, production credit associations, taxation, trust companies
Section 422.63 Amount of tax.
2024 Code of Iowa
The franchise tax is imposed annually in an amount equal to the percent specified in subsection 2 of the net income received or accrued during the taxable year. If the net income of the financial institution is derived from its business carried on e...
Tagged topics: banks, financial institutions, franchise taxes, production credit associations, taxation, trust companies
Section 422.66 Department to enforce.
2024 Code of Iowa
The department shall administer and enforce the provisions of this subchapter, and all applicable provisions of sections 422.24, 422.25, 422.26, 422.28, 422.29, and 422.30, and subchapter VI of this chapter, apply to financial institut...
Tagged topics: banks, financial institutions, franchise taxes, production credit associations, taxation, trust companies