Iowa Code Title XIII. Commerce [Chs. 505-554D] § 533C.902. Suspension and revocation of authorized delegates

a. The authorized delegate violated this chapter, a rule adopted under this chapter, or an order issued under this chapter.

b. The authorized delegate failed to cooperate with an examination or investigation by the superintendent.

c. The authorized delegate engaged in fraud, intentional misrepresentation, or gross negligence.

d. The authorized delegate was convicted of a violation of a state or federal anti-money laundering statute.

e. The competence, experience, character, or general fitness of the authorized delegate or a person in control of the authorized delegate indicates that it is not in the public interest to permit the authorized delegate to provide money transmission.

f. The authorized delegate is engaging in an unsafe or unsound practice.  In determining whether an authorized delegate is engaging in an unsafe or unsound practice, the superintendent may consider the size and condition of the authorized delegate's provision of money transmission;  the magnitude of any losses;  the gravity of any violations of this chapter, a rule adopted under this chapter, or an order issued under this chapter;  and the previous conduct of the authorized delegate.