Farmers State Bank v. Gronstal Ex Rel. Iowa Division of Banking

ORDER

JAMES E. GRITZNER, District Judge.

This matter comes before the Court on Defendant’s Motion to Dismiss. The Court held a hearing on the Motion on December 22, 2008. Robert Meyers, Jeffrey Peterzalek, and Jessica Whitney represented the Defendant; Kimberley Baer and Judy Johnson represented the Plaintiff. The matter is now fully submitted and ready for disposition.

I. BACKGROUND

For purposes of the current matter, the underlying facts are undisputed in any material way. Iowa Code Chapter 527, also known as the Electronic Funds Transfer Act (the Iowa EFTA), establishes a regulatory framework…