701—25.1(421) Definitions. For purposes of this chapter, the following definitions shall govern:
“Department” means the Iowa department of revenue.
“Director” means the director of the Iowa department of revenue.
“Facility” means the centralized debt collection facility of the department of revenue.
“Financial institution” includes a bank as defined in Iowa Code section 524.103, credit union as defined in Iowa Code section 533.51, or savings and loan as defined in Iowa Code section 534.102. “Financial institution” also includes an institution which holds deposits for an agent, broker-dealer, or an issuer as defined in Iowa Code section 502.102.
“Obligor” means a person who is indebted to the state of Iowa or a state agency for any delinquent accounts, charges, fees, loans, taxes, or other indebtedness due the state or indebtedness being collected by the state.
“Person” means individual, corporation, business trust, estate trust, partnership, limited liability company or association, or any other legal entity, but does not include a state agency.
[Editorial change: IAC Supplement 11/2/22]