Iowa Admin. Code r. 781-9.9 - Reporting of certificates of deposit and other time deposits

If an automatically renewable time deposit or nonrenewable time deposit is deemed abandoned prior to its initial maturity, the time for the reporting and delivery of the time deposit to the division will be extended to the date of maturity or three years from the date on which the abandonment period commenced, whichever is later.

This rule is intended to implement Iowa Code section 556.7.

Notes

Iowa Admin. Code r. 781-9.9

ARC 9936B, lAB 12/28/11, effective 2/1/12 Adopted by IAB November 9, 2016/Volume XXXIX, Number 10, effective 12/14/2016