The COVID Project
The record
- Jurisdiction
- Iowa
- Level
- Sector regulator
- Authority
- Iowa Code ch. 524 (branch closures; emergency alternative locations)
- Issued
- 2020-03-12 Mar. 12, 2020
- Effective
- 2020-03-12
- End
- Duration of the emergency (read as 2020-06-30)
- In force
- Mar. 12, 2020 to June 30, 2020
- Quarters
- 2020 Q2
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- presidents and CEOs of all Iowa State-chartered banks
- Functions reached
- BR branches and lobbies closed or limited under regulator notice
- AT drive-up and alternative locations
- Collection
- Iowa IA
Operative words
Per the Division's notice as reported (Orrick, Mar. 20, 2020): State banks 'are not required to get permission from the IDOB to temporarily close a branch office,' but the Division 'requests that the banks provide notification so that the IDOB can track closures'; banks needing to relocate operations should contact their analyst for authorization to operate from alternative locations.
Enforcement
Notes
Companion to the March 18 remote-work guidance (IA-071); the Division's March 24 and April 3, 2020 update letters are archived at idob.state.ia.us/bank/docs/covid-19/.
Retrieval noteThe Division's old URL now redirects to its homepage (two renders captured the homepage and were discarded); gist from Orrick's Financial Services InfoBytes (Mar. 20, 2020).