Senate
File
402
-
Enrolled
Senate
File
402
AN
ACT
PROVIDING
FOR
THE
GOOD-FAITH
SUBMISSION
OF
INFORMATION,
RECORDS,
APPLICATIONS,
AND
DOCUMENTS
TO
THE
CREDIT
UNION
DIVISION.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
NEW
SECTION
.
533.510
Submissions
to
credit
union
division
——
good
faith
requirement.
Any
information,
record,
application,
or
document
provided
to
the
credit
union
division
pursuant
to
this
chapter
shall
be
provided
in
good
faith.
A
director,
officer,
agent,
or
employee
of
a
state
credit
union,
a
credit
union
service
organization,
or
any
other
person
shall
not
intentionally
publish,
report,
submit,
file,
or
cause
to
be
filed
with
the
division
any
information,
record,
application,
or
document
that
is
false
or
misleading
by
statement
or
omission.
Any
information,
record,
application,
or
document
provided
to
the
division
in
the
absence
of
good
faith
or
in
violation
of
this
Senate
File
402,
p.
2
section
is
subject
to
revocation
of
prior
approval
or
denial,
if
applicable.
______________________________
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
402,
Eighty-eighth
General
Assembly.
______________________________
W.
CHARLES
SMITHSON
Secretary
of
the
Senate
Approved
_______________,
2019
______________________________
KIM
REYNOLDS
Governor