Iowa Administrative Rules (Last Updated: December 07, 2016)

Section 781.9.9. Reporting of certificates of deposit and other time deposits.

Latest version.

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.
[ ARC 2809C , IAB 11/9/16, effective 12/14/16]

                    
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