• § 7-1-60 - General Scope of Supervision
  Except where otherwise specifically provided, the department shall enforce and administer all laws of this state relating to financial institutions and shall exercise general...
• § 7-1-61 - Rules and Regulations
  (a) The department shall have the authority to promulgate rules and regulations to effectuate the objectives or provisions of this chapter. Without limiting the...
• § 7-1-61.1 - Expansion of Power for Banks and Credit Unions; Role of Commissioner.
  (a) For purposes of this Code section, the term "power" means any banking or corporate power, right, benefit, privilege, or immunity of a financial...
• § 7-1-62 - Accounting Procedures
  The department may promulgate regulations concerning the manner in which the books of financial institutions will be maintained in order to assist the department...
• § 7-1-63 - Retention of Records
  (a) The department shall issue regulations classifying records kept by financial institutions and prescribing the period, if any, for which records of each class...
• § 7-1-64 - Department Examinations and Investigations; Disclosure of Information or Prior Notice Regarding Examinations of Financial Institutions
  (a) Except as otherwise provided in subsection (b) of this Code section, the department shall examine all financial institutions at least once each year...
• § 7-1-65 - Examinations and Investigations on Request
  When requested in writing by the board of directors or holders of a majority of the shares of a financial institution, the department, at...
• § 7-1-66 - Method of Examination and Investigations; Special Examiners; Subpoenas
  (a) Examinations and investigations shall be made by the commissioner or by qualified examiners or employees empowered in writing by the department to make...
• § 7-1-67 - Reports of Examinations
  (a) Any official who shall make an examination pursuant to this chapter shall reduce the result thereof to writing in such form as shall...
• § 7-1-68 - Reports to Department; Publication of Summaries; Penalty for Noncompliance
  (a) The department may require reports on the condition of or any particular facts concerning any financial institution at any time the department deems...
• § 7-1-69 - Retention of Reports
  The reports of examinations and investigations made by the department and reports made by financial institutions shall be preserved by the department for a...
• § 7-1-70 - Disclosure of Information
  (a) Records of the department, regardless of the medium by which stored, are confidential. Except as otherwise provided in this Code section, this chapter,...
• § 7-1-71 - Removal of Officers, Directors, or Employees
  (a) The department, by order of the commissioner, shall have the right to require the immediate suspension from office of any director, officer, or...
• § 7-1-72 - Regulation of Persons Performing Services for Financial Institutions
  (a) Notwithstanding other provisions of law and consistent with the objectives of this chapter as set forth in Code Section 7-1-3 and subject to...
• § 7-1-73 - Regulation of Affiliates
  The department may examine or investigate any affiliate of a financial institution for the purpose of determining the condition of the financial institution to...
• § 7-1-74 - Annual Report of Department
  For each calendar year the department shall compile and publish in print or electronically an annual report in such form and containing such information...
• § 7-1-75 - Discretion of Department
  Whenever in this chapter the department is authorized but not required to take any action, the taking of such action shall be within the...
• § 7-1-76 - Department May Act After Time Limit Without Resubmittal; Withdrawal of Applications and Requests; Imposition of Conditions; Nullification
  (a) Failure of the department to act within any of the time limits established by this chapter or regulations issued pursuant thereto shall not...
• § 7-1-77 - Approval by Commissioner of State or Federal Rules and Regulations Affecting Financial Institutions
  Any rule, regulation, order, or administrative directive issued by a state or federal official, agency, or entity which is intended to be applicable to...
• § 7-1-78 - Agreements With Other Supervisory or Regulatory Authorities
  (a) The department may, at its discretion, enter into cooperative or reciprocal agreements with other supervisory or regulatory authorities or law enforcement and may...
• § 7-1-79 - Discretionary Expedited Approval Process; Considerations
  (a) The department may determine that formal approvals for certain transactions or activities to be conducted by its regulated entities are not necessary but...

Last modified: October 14, 2016