536A.14 - REPORTS.
536A.14 REPORTS. 1. a. Each licensee shall annually on or before the fifteenth day of April file with the superintendent a report in writing showing the results of the operation of its industrial loan business for the previous calendar year, which reports shall contain: (1) A balance sheet showing all assets and liabilities as of the thirty-first day of December next preceding. (2) An operating statement showing income, expenses, and net profit for the previous calendar year. (3) Such other relevant information as the superintendent shall reasonably require. b. The report shall be verified under oath by the president and secretary of the corporation. The superintendent shall make and publish annually an analysis and recapitulation of such reports. 2. Each licensee making residential mortgage loans shall submit to the nationwide mortgage licensing system and registry reports of condition, which shall be in such form and shall contain such information as the nationwide mortgage licensing system and registry may require. For purposes of this subsection, "nationwide mortgage licensing system and registry" and "residential mortgage loan" mean the same as defined in section 535D.3.
Section History: Early Form [C66, 71, 73, 75, 77, 79, 81, § 536A.14]
Section History: Recent Form 2008 Acts, ch 1160, §33; 2009 Acts, ch 61, §45, 47