{"data":{"id":"us-ia/iowa-code-524.1603","jurisdiction":"us-ia","citation":"Iowa Code § 524.1603","heading":"Engaging in business unlawfully.","body":"1. Any person who willfully engages in the business of receiving money for deposit or transacts the business generally done by banks, or who willfully establishes a place of business for such purposes, in violation of section 524.107, subsection 1, shall be guilty of a serious misdemeanor.\n2. The superintendent may impose a penalty on a state bank of up to one thousand dollars for each day that it violates the provisions of section 524.1201.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 524 - BANKS","Subchapter XVI - PENALTIES"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/524.1603.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:14Z","sha256":"224ffad2b07e295d5fe6ca5de985142f928685565e395c3efeda5a090bb611a0","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-524.1602","next":"us-ia/iowa-code-524.1604"},"notice":"GroundRules: Original legal text. Not legal advice."}