202A.7 - PENALTIES.
202A.7 PENALTIES.
1. A packer who fails to file a timely, accurate, or complete
purchase report as required pursuant to section 202A.2 is subject to
a civil penalty of not more than five thousand dollars. Each failure
by a packer to file a timely, accurate, or complete purchase report
constitutes a separate violation.
2. A packer who fails to post a timely, accurate, or complete
purchase notice as required pursuant to section 202A.3 is subject to
a civil penalty of not more than one thousand dollars. Each failure
by a packer to post a timely, accurate, or complete purchase notice
constitutes a separate violation.
3. A packer who includes a confidentiality provision in a
contract with a livestock seller in violation of section 202A.4 is
guilty of a fraudulent practice as provided in section 714.8. Section History: Recent Form
99 Acts, ch 88, §8, 11, 13 Footnotes
Future repeal of subsections 1 and 2 if substantially similar
federal legislation or regulation is implemented; finding and order
by secretary of agriculture; see 99 Acts, ch 88, §11