Discipline Details

Discipline Information

Case Number	C-REC-17-00210
Number	F00356000
Full Name	Michael L Riedmann
Issued Date	6/7/2018
Discipline Type	Consent Order
Action Taken	Informal Settlement Agreement. $500 Civil Penalty.
Reason for Action	Respondent is charged with engaging in improper trust account procedures in violation of Iowa Code sections 543B.29(1)(k), 543B.34(1), 543B.46 (2017) by disbursing earnest money funds from an Iowa real estate trust account prior to closing and without the informed written consent of all the parties to a transaction. See 193E Iowa Administrative Code sections 13.1, 13.1(1), 13.1(7), 18.14(5)(f)(2).
Status	Satisfied
Date Satisfied (If Applicable)	6/7/2018
Disciplinary Index (If Applicable)	View Disciplinary Index