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Code · Iowa · Chapter 533 — Credit Unions

533.510 Submissions to credit union division — good faith requirement.

105 words·~1 min read·/ia/chapter-533-credit-unions/533-510·

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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 section is subject to revocation of prior approval or denial, if applicable.
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