Iowa § 203.5 - 203.5 License.

§ 203.5. 203.5 License.

1. a. Upon the filing of an application on a form prescribed by the department and compliance with the terms and conditions of this chapter including rules of the department, the department shall issue the applicant a grain dealer’s license. The license expires at the end of the third calendar month following the close of the grain dealer’s fiscal year. A grain dealer’s license may be renewed annually by filing a renewal application on a form prescribed by the department. An application for renewal must be received by the department on or before the end of the third calendar month following the close of the grain dealer’s fiscal year. b. The department shall not issue a grain dealer’s license unless the applicant pays all of the following fees: (1) For the issuance of a license, all of the following: (a) A license fee imposed under section 203.6. (b) A participation fee imposed under section 203D.3A, and any delinquent participation fee imposed under a previous license as provided in that section. (2) For the renewal of a license, all of the following: (a) A renewal fee imposed under section 203.6. (b) A participation fee imposed under section 203D.3A, and any delinquent participation fee as provided in that section. (c) A per-bushel fee as provided in section 203D.3A, and any delinquent per-bushel fee and penalty as provided in that section. 2. The department shall notify a licensed grain dealer of any delinquency in the payment of a participation fee or per-bushel fee as provided in section 203D.3A. The department shall suspend the grain dealer’s license thirty days after delivering the notice unless the licensed grain dealer pays the delinquent fee. 3. The department may suspend or revoke the license of a grain dealer who discounts the purchase price paid for grain nominally for the participation fee or per-bushel fee as provided in section 203D.3A while that fee is not in effect. 4. A grain dealer license which has expired may be reinstated by the department upon receipt of a proper renewal application, the renewal fee and a reinstatement fee as provided in section 203.6, and any delinquent participation fee or per-bushel fee and penalty as provided in section 203D.3A. The applicant must file the renewal application and pay the fees and penalty to the department within thirty days from the date of expiration of the grain dealer license. 5. The department may cancel a license upon request of the licensee unless a complaint or information is filed against the licensee alleging a violation of a provision of this chapter. 6. a. The department shall refund a fee paid by an applicant to the department under this section if the department does not issue or renew a grain dealer’s license. b. The department shall prorate a fee paid by an applicant to the department under this section for the issuance or renewal of a license for less than a full year. 7. The department may deny a license to an applicant if the applicant has had a license issued under this chapter or chapter 203C revoked within the past three years, the applicant has been convicted of a felony involving a violation of this chapter or chapter 203C, or the applicant is owned or controlled by a person who has had a license so revoked or who has been so convicted. 8. The department may deny a license to an applicant if any of the following apply: a. The applicant has caused liability to the grain depositors and sellers indemnity fund in regard to a license issued under this chapter or chapter 203C, and the liability has not been discharged, settled, or satisfied. b. The applicant is owned or controlled by a person who has caused liability to the fund through operations under a license issued under this chapter or chapter 203C and the liability has not been discharged, settled, or satisfied. [C75, 77, 79, 81, §542.5; 81 Acts, ch 180, §6] 84 Acts, ch 1100, §1; 89 Acts, ch 143, §701; 92 Acts, ch 1239, §58 Thu Dec 11 18:54:08 2025 Iowa Code 2026, Section 203.5 (22, 0) §203.5, GRAIN DEALERS 2 C93, §203.5 2003 Acts, ch 69, §47; 2007 Acts, ch 22, §48; 2010 Acts, ch 1082, §1; 2012 Acts, ch 1095, §88; 2023 Acts, ch 154, §4, 19 Referred to in §203.10, 203D.3A, 203D.5 Thu Dec 11 18:54:08 2025 Iowa Code 2026, Section 203.5 (22, 0)