§ 23-46-601. Title
This subchapter shall be known and may be cited as the “Examination of Technology Service Providers Act”.
§ 23-46-602. Definitions
As used in this subchapter: (1) “Bank supervisory agency” means the same as defined in § 23-45-102; (2) (A) “Covered service” means a service provided by a technology service provider to a depository institution in this state to the extent that the service is designed and marketed specifically for use by depository institutions to provide […]
§ 23-46-603. Technology service providers subject to examination by Bank Commissioner
When a depository institution receives a covered service, by contract or otherwise, the performance of that service by a technology service provider to the depository institution is subject to examination by the Bank Commissioner to the same extent as if the covered service were performed by the depository institution itself.
§ 23-46-604. Authorization for agreements with bank supervisory agencies regarding use of examiners
The Bank Commissioner may enter into agreements with any bank supervisory agency that has jurisdiction over a technology service provider to: (1) Engage the services of the bank supervisory agency’s examiners at a reasonable rate of compensation; or (2) Provide the services of the State Bank Department’s examiners to the bank supervisory agency at a […]
§ 23-46-605. Authorization for joint examinations or joint enforcement actions with bank supervisory agencies
The Bank Commissioner may enter into joint examinations or joint enforcement actions with a bank supervisory agency having jurisdiction over a technology service provider.
§ 23-46-606. Acceptance of examinations from bank supervisory agency
The Bank Commissioner may accept an examination that is conducted by a bank supervisory agency that has jurisdiction over a technology service provider as a substitution for an examination under this subchapter.
§ 23-46-607. Enforcement — Rules
The Bank Commissioner may by rule: (1) Adopt additional procedures to implement this subchapter; and (2) Impose sanctions under § 23-46-205 for violations of this subchapter by a technology service provider if the commissioner considers the enforcement action to be necessary or appropriate to enforce this subchapter and ensure compliance with the laws of this […]