The treasurer of state may require a financial institution to provide public notice inviting the public to submit comments to the financial institution regarding its community lending activities. Each financial institution shall maintain a file open to public inspection which contains public comments received on its community investment activities, and the financial institution's response to those comments. The treasurer of state shall adopt procedures for both of the following:
At least once a year the treasurer of state shall review any challenges that have been filed pursuant to subsection 3. The treasurer of state may hold a public hearing to consider the challenge. In considering a challenge, the treasurer of state shall review documents filed with federal regulatory authorities pursuant to the Community Reinvestment Act, 12 U.S.C. § 2901 et seq., and regulations adopted pursuant to the Act, as amended to January 1, 1990. In addition, consistent with the confidentiality of financial institution records the treasurer of state shall consider other factors including, but not limited to, the following:
Iowa Code § 12C.6A
Referred to in §12B.10, 12C.6, 524.223