Statutes > Iowa Statutes > Title 13 - Commerce > Subtitle 2 - Financial Institutions > CHAPTER 527 - ELECTRONIC TRANSFER OF FUNDS > 527.1 - STATEMENT OF INTENT.

527.1 - STATEMENT OF INTENT.

        527.1  STATEMENT OF INTENT.         The general assembly declares, as its purpose in adopting this      chapter to provide:         1.  That electronic funds transfer systems should provide reliable      service to the consumer with full protection of privacy of personal      financial information.         2.  That electronic funds transfer systems should not impair the      safety and soundness of a person's funds.         3.  That electronic funds transfer systems are essential      facilities in the channels of commerce.         4.  That regulation of electronic funds transfer systems should be      fair and not unduly impede the development of new technologies which      benefit the public.
         Section History: Early Form
         [C77, 79, 81, § 527.1]