Code of Alabama - Title 5: Banks and Financial Institutions - Chapter 3A - Examinations of Banks; Reports of Banks

• Article 1 Examination of Banks.
• Section 5-3A-1 Required times; items to be examined; applicability to bank holding companies and affiliates
  (a) For purposes of this section, a bank holding company is a holding company organized under the laws of Alabama or another state in the...
• Section 5-3A-2 Acceptance of examinations and reports of federal bank regulatory agency, etc
  The superintendent is authorized to accept, in his discretion, in lieu of any examination authorized by the laws of this state to be conducted by...
• Section 5-3A-3 Disclosure of information obtained by superintendent, bank examiners, etc
  (a) Neither the superintendent, any member of the Banking Board, nor any bank examiner or other state employee shall disclose the condition and affairs of...
• Section 5-3A-4 Expenses of special examinations
  The expenses incidental to any special examination of banks, bank holding companies, or their affiliates shall be borne by the bank or bank holding company...
• Section 5-3A-5 Examination of agency of foreign banks
  The superintendent shall have the power to examine or cause to be examined every agency located in this state of any foreign bank for the...
• Section 5-3A-6 Examination of witnesses and production of documents; penalties for false entry or statement; proceedings against former employees
  (a) For purposes of this section, a bank holding company is a holding company organized under the laws of Alabama or another state in the...
• Section 5-3A-7 False swearing, etc., before bank examiners or superintendent
  Any person who willfully or corruptly swears or affirms falsely, when being examined under oath by any bank examiner or the superintendent in regard to...
• Section 5-3A-8 Reports of superintendent and bank examiners as to examinations; publication of reports of examination for limited purposes
  Each examiner shall report under oath to the superintendent the result of each examination made by him, which report the superintendent shall keep on file...
• Section 5-3A-9 Loans, gifts, favors, etc., to Banking Department employees from banks, employees, etc., prohibited
  (a) No officer, agent or employee of any bank shall offer or give to an employee of the State Banking Department or his family, and...
• Section 5-3A-10 False reports by bank examiners
  Any bank examiner who shall make a report under oath as to the result of any examination made by him which is knowingly and willfully...
• Section 5-3A-11 Reports of examination; meetings of Banking Board; confidentiality
  All reports of examination, records reflecting action of a bank or bank holding company, or affiliate of either, taken pursuant thereto, and records and minutes...
• Section 5-3A-12 Semiannual reports by banks - Required; verification
  All banks shall make to the superintendent, on the call of the superintendent for such report, not less than two reports during each year, according...
• Section 5-3A-13 Semiannual report by banks - Special reports of banks
  The superintendent may call for a special report from any particular bank whenever, in his judgment, the same is deemed necessary for the protection of...
• Section 5-3A-14 Semiannual report by banks - Form; publication; penalty for late report
  Each report required by Section 5-3A-12 shall exhibit in detail and under appropriate head the resources and liabilities of each bank at the close of...
• Section 5-3A-15 Semiannual reports by banks - Republication
  If there are discrepancies in the published report of the bank and the sworn report furnished to the superintendent and if, in the opinion of...
• Section 5-3A-16 Failure to pay for publication of bank report by superintendent
  Any bank which fails or refuses to pay the cost and expense of the publication by the superintendent of any report of the bank made...
• Section 5-3A-17 Verification of false report of condition of bank
  Any person who knowingly and willfully signs or verifies by oath or affirmation any false report of the condition of a bank to the superintendent,...
• Article 2 Examination of Bank Services Providers Act.
• Section 5-3A-30 Short title
  This article shall be known and may be cited as the Examination of Bank Service Providers Act.
• Section 5-3A-31 Legislative findings
  The Legislature finds and declares that the connections between banks and service providers create risks to the financial system, as banks are increasingly reliant on...
• Section 5-3A-32 Definitions
  For the purposes of this article, the following terms shall have the following meanings: (1) SERVICE PROVIDER. Any person, company, corporation, or other legal entity...
• Section 5-3A-33 Regulation and examination of certain service providers; covered services
  (a) Whenever a serviced bank causes to be performed for itself, by contract or otherwise, any of the covered services listed in this section, the...
• Section 5-3A-34 Confidentiality of examination reports; availability of copies
  Examination reports of service providers created or obtained by the superintendent or State Banking Department are confidential subject to Sections 5-3A-3 and 5-3A-11. The superintendent...
• Section 5-3A-35 Powers of superintendent
  (a) The superintendent may enter into agreements, which shall be deemed sole source, one vendor, and one supplier contracts under the procurement laws of this...

Last modified: May 3, 2021