187—15.7(17A,536) Notice of significant events.

1. 15.7(1)  The licensee or any of the licensee’s officers, directors, principal stockholders, or affiliates file for bankruptcy protection or commence reorganization proceedings.
2. 15.7(2)  A prosecuting authority files criminal charges against the licensee or any of a licensee’s officers, directors, principal stockholders, or affiliates.
3. 15.7(3)  Another state or jurisdiction institutes license denial, cease and desist, suspension or revocation procedures, or other formal or informal regulatory action against the licensee or any of the licensee’s officers, directors, principal stockholders, or affiliates.
4. 15.7(4)  The attorney general of Iowa, the Federal Trade Commission, or the enforcer of the consumer protection laws of any other jurisdiction initiates an action to enforce the consumer protection laws against the licensee or any of the licensee’s officers, directors, principal stockholders, or affiliates.

A licensee shall notify the administrator immediately and in writing within 10 days of the occurrence of any of the following events.

[ARC 3078C, IAB 5/24/17, effective 7/1/17]