Iowa HSB745 amends grain marketing regulations, including financial statement requirements and indemnification processes for sellers.

Iowa HSB745 modifies regulations for grain marketing, focusing on financial statement submissions and indemnification processes. The bill allows grain dealers and warehouse operators to submit financial statements accompanied by a report of a state-licensed CPA based on a review instead of an unqualified opinion. It also mandates that a claim for a loss incurred by a seller must be made within 120 days after the cessation of a grain dealer's or warehouse operator's license or the filing of a bankruptcy petition.

Iowa HSB745 amends grain marketing regulations, including financial statement requirements and indemnification processes for sellers.

Iowa HSB745 modifies regulations for grain marketing, focusing on financial statement submissions and indemnification processes. The bill allows grain dealers and warehouse operators to submit financial statements accompanied by a report of a state-licensed CPA based on a review instead of an unqualified opinion. It also mandates that a claim for a loss incurred by a seller must be made within 120 days after the cessation of a grain dealer's or warehouse operator's license or the filing of a bankruptcy petition.