Iowa Administrative Code

20.8(1) Appropriate forms must be completed on paper, online or via telephone (whichever is applicable for the requested actions) to perform the actions set forth in and in accordance with the plan disclosure documents. Current forms are available online at IAble.gov. Among the a…

20.9(1) The plan administrator reserves the right to: a. Freeze an account, suspend account services or do both: (1) if the plan administrator receives notice of a dispute regarding account assets or account ownership, including notice of the death of an account owner (until appr…

Acts, House File 2661, are adopted by reference. In addition, the following definitions apply: “Borrower” means a person, corporation, cooperative, partnership, or municipality located in Iowa that is qualified to participate in the linked investments for tomorrow program. “Curre…

LIFT Lender/Borrower Application (Form 655-0142) LIFT Renewal Application (655-0143) LIFT Master Agreement (Form 655-0144)

4.3(1) To participate in the linked investments for tomorrow program, a lender’s home office must complete and submit a LIFT Master Agreement (Form 655-0144) to the treasurer. By filing Form 655-0144 with the treasurer, a home office agrees that it and all its branches, when part…

4.4(1) The minimum rate for the certificate of deposit shall be 1 percent. The term shall not exceed one year but may be renewed at the option of the treasurer. 4.4(2) Interest must be calculated for the actual number of days on a 365-day basis, except during leap year, when it m…

4.5(1) The interest rate on the loan shall not exceed the rate of interest on the certificate of deposit by more than 4 percent. Points shall not supplement the loan rate, and a compensating balance shall not be required. 4.5(2) All other terms and conditions on the loan must be …

4.6(1) New and existing small businesses are eligible for the LIFT small business program. An existing small business is defined as a business that has annual gross sales of $2 million or less at the time of application. 4.6(2) A borrower is ineligible if the borrower has receive…

administrative procedures for the coordination of state bonding activities and selection of professional services for the issuance of obligations by an authority.

“Authority” means a department, agency, and public or quasi-public instrumentality of the state which has the power to issue obligations, except that “authority” does not include the state board of regents. “Authority” includes, but is not limited to, the authorities created unde…

6.3(1) Treasurer’s status with an authority. The treasurer or the treasurer’s designee shall serve as an ex officio nonvoting member of each authority. The authority shall transmit to the treasurer all documents, notices, and materials which are distributed to any other member of…

6.4(1) Preparation of request for proposal. After consulting with the authority, the treasurer shall prepare or approve requests for proposal for all appropriate professional services. 6.4(2) List of vendors. The treasurer shall maintain a list of vendors of professional services…

6.5(1) Waiver required by public interest. The treasurer may waive the procedures set out in subrules 6.4(1) to 6.4(3) if the treasurer determines that it is in the public interest to do so. The treasurer shall waive the above procedures by filing written notice with the executiv…

of all obligations issued on or after July 1, 1986, subject to the terms and conditions of the obligations, except that the authority shall direct the investment or deposit of proceeds necessary to fund its ongoing operations.

treasurer with any statistical or financial information in the possession of the authority which, in the treasurer’s opinion, is needed to prepare, issue or market any obligations of the authority.

incurred in the selection of vendors for the authority, including general administrative costs incurred by the treasurer. The authority shall disburse the amounts presented in the treasurer’s accounts. These rules are intended to implement Iowa Code chapter 12. [Filed 6/5/87, Not…

outstanding obligations of each political subdivision, instrumentality, agency, and authority of the state.

“Issuers” means an authority as defined in rule 781—6.2(12), the state board of regents, all political subdivisions of the state of Iowa, and any other entity which has both of the following characteristics: 1. Officers or employees of a political subdivision serve as members, of…

conjunction with the operation of this chapter: Form 655-0150, “Outstanding Obligations Disclosure Statement.”

state’s office. Form 655-0150 must be filed with the treasurer’s office no later than November 15 of each year.

required to file the appropriate forms with the treasurer of state’s office.

publicizing the availability of the information obtained to interested parties. In all cases, the information shall be available from the treasurer’s office upon request. These rules are intended to implement Iowa Code chapter 12. [Filed 6/5/87, Notice 2/11/87—published 7/1/87, e…

agreement with a financial institution to provide credit card receipt processing for state departments and to establish administrative and other procedures as necessary to implement the acceptance of credit card payments by state departments that are authorized to accept such pay…

“Acquiring bank” means a financial institution that receives credit card transactions and then settles with the card-issuing banks. “Chargeback” means a transaction disputed by a cardholder or card issuer. “Convenience fee” means a fee charged to the cardholder for the convenienc…

8.3(1) A state department shall notify the treasurer of its intent to accept credit card payments and provide the treasurer with the following information: a. The type of goods and services it will offer for payment by credit card and debit card. b. The estimated per-transaction …

8.4(1) The treasurer shall enter into an agreement with a financial institution to provide credit card payment processing for state departments. 8.4(2) The treasurer shall specify which credit cards may be accepted by state departments. 8.4(3) The treasurer shall enter into an ag…

convenience fee under the credit card processing contract, then the following shall apply: 1. The treasurer shall consult with the state department to assist in determining the amount by which the department’s fees may be adjusted to reflect the cost of credit card processing. 2.…

rules that are necessary for the purpose of carrying out the provisions of Iowa Code chapter 556, the uniform disposition of unclaimed property Act. This rule is intended to implement Iowa Code chapter 556. [ARC 2809C, IAB 11/9/16, effective 12/14/16]

9.10(1) The following acts by the owner of a time deposit shall rebut a presumption of abandonment of the time deposit: a. Consent in writing to a renewal of the time deposit at or about the time of renewal and signed by the owner, given by delivery of the original or a signed co…

by a life insurance company on behalf of a beneficiary shall be reported and delivered to the division if the beneficiary has failed to take such actions demonstrating an indication of interest in the account for a period of three years. This rule is intended to implement Iowa Co…

9.12(1) Property held in a plan account described in Sections 223, 529 and 529A of the Internal Revenue Code or held in a nonretirement account or plan that qualifies for tax deferral under the income tax laws of the United States is presumed abandoned if it is unclaimed by the o…

9.13(1) Except as provided in subrules 9.13(2) and 9.13(3), an unused balance on a gift certificate or gift card is reportable five years from the date of issuance of the gift certificate or gift card or last usage, whichever is later. 9.13(2) An unused balance on a gift certific…

9.18(1) Every holder report form submitted to the division must include, to the extent such information is available to the holder, the following information: a. The owner’s (and as applicable/available, the beneficiary’s) name; b. The owner’s (and as applicable/available, the be…

9.19(1) A holder may request permission to report and deliver property to the division before it is presumed abandoned by sending a written request to the division. 9.19(2) The request must identify the property to be reported and delivered and the reasons for requesting permissi…

9.20(1) Holders shall exercise reasonable and necessary due diligence consistent with good business practice in attempting to reactivate dormant accounts and to locate owners of unclaimed property. 9.20(2) If a holder fails to perform due diligence as required by Iowa Code sectio…

property with a value under $50, but holders are discouraged from doing so since it impedes the ability of the division to expeditiously pay claims. For this reason, holders are encouraged not to aggregate, regardless of item value. If a holder chooses to report in the aggregate,…

provide payment services and report unclaimed property; however, such arrangements shall not relieve the holder from complying with all requirements of this chapter and Iowa Code chapter 556. The holder remains at all times responsible for the complete, accurate and timely report…

9.23(1) Pursuant to Iowa Code section 556.11(10), agreements or contracts between locators and owners to pay compensation to recover or assist in the recovery of abandoned property are unenforceable if made within 24 months of the date the property was received by the division. A…

9.24(1) Except as stated in subrules 9.24(2) and 9.24(3), the contents of safe deposit boxes and other tangible property received by the division shall be held by the division for not less than one year, after which time the property may be sold, held, or destroyed. a. No employe…

9.25(1) All claims for abandoned property shall be filed with the division on the division’s claim form or through such other means or process as the division finds acceptable. 9.25(2) The claim form shall be completed in its entirety and must include the following information: a…

following supporting documentation with claims, as applicable, if the claim is being made by the person that is set forth as the apparent owner of the unclaimed property in the report filed with the division: 9.26(1) A copy of the claimant’s driver’s license or other government-i…

9.27(1) A business may, in addition to providing other evidence of entitlement, be required to provide the following supporting documentation with its claim: a. Proof, as deemed suitable by the division, that the person signing the claim form is an officer of the business and has…

association that has been dissolved. A claim to property for which the apparent owner is an unincorporated nonprofit association that has been dissolved may be made by a person authorized to claim the property in accordance with the dissolved association’s bylaws or governing pri…

claimant is the true owner of the unclaimed property and agree to hold harmless and indemnify the division, its employees, and the state in the event of a superior claim to such property by another claimant or person. This rule is intended to implement Iowa Code section 556.19. […

9.3(1) Appropriate forms must be completed on paper or online (whichever is applicable for the requested actions) to perform the actions listed below. Current forms are available online at www.greatiowatreasurehunt.com or as supplied by the state treasurer’s office. 9.3(2) Forms …

division under the circumstances set forth below. Regardless of whether the holder is represented by a bona fide third party, the claim must be signed by an officer of the holder. A third party may not act on behalf of the holder to request payment from the division unless such t…

9.31(1) A claim to custodial property may be made by the custodian of the property, or the legal representative thereof, provided that the minor has not yet reached the age of 21 years. 9.31(2) Upon reaching the age of 21 years, a minor may file a claim to custodial property. Thi…

9.32(1) If property is received by the division and the division is aware that the property is subject to a superior claim of another state, the division may: a. Report and deliver the property to the other state; or b. Return the property to the holder so that the property may b…