§ 81-14-151. Supervision
The commissioner is empowered and directed to perform the duties and exercise the powers as to savings banks organized or operated under this chapter, except as otherwise provided herein.
§ 81-14-153. Power of commissioner to promulgate rules and regulations; reproduction of records
The commissioner shall have the authority to promulgate rules, instructions and regulations necessary to the discharge of his duties and powers for the supervision and regulation of savings banks and for the protection of the public investment in savings banks. Without limiting the generality of subsection (1), rules, instructions and regulations may be promulgated with […]
§ 81-14-155. Examinations by commissioner; report
If at any time the commissioner deems it prudent, it shall be his duty to examine and investigate everything relating to the business of a state savings bank, or a holding company thereof, and to appoint a suitable and competent person to make such investigation. The investigator shall file with the commissioner a full report […]
§ 81-14-157. Supervisory and other fees
Every state savings bank, including savings banks in the process of voluntary liquidation, or a holding company thereof, shall pay into the office of the commissioner an annual supervisory fee and fees for various activities in the same amounts and in the same manner as charged to savings associations under Section 81-12-193. All funds and […]
§ 81-14-159. Prolonged audit, examination or revaluation; payments of costs
If, in the opinion of the commissioner an examination conducted under the provisions of Section 81-14-155 fails to disclose the complete financial condition of a savings bank, he may in order to ascertain its complete financial condition: Make an extended audit or examination of the savings bank, or cause such an audit or examination to […]
§ 81-14-161. Commissioner to have right of access to books and records of savings banks; right to issue subpoenas, administer oaths, examine witnesses
The commissioner and his agents: Shall have free access to all books and records of a savings bank, or a service corporation or holding company thereof, that relate to its business, and the books and records kept by any officer, agent or employee relating to the business of the savings bank; May subpoena witnesses and […]
§ 81-14-163. Test appraisals of collateral for loans; expense paid
The commissioner may direct the making of test appraisals of real estate and other collateral securing loans made by savings banks doing business in this state, employ competent appraisers, or prescribe a list from which competent appraisers may be selected, for the making of such appraisals by the commissioner, or any and all other acts […]
§ 81-14-165. Relationship of savings banks with department
Except as provided by subsection (3) of this section, a savings bank, or any director, officer, employee or representative thereof, shall not grant, directly or indirectly, to the commissioner or to any employee of the department, or to their spouses, any loan or gratuity. Neither the commissioner, nor any employee of the department, shall: Hold […]
§ 81-14-167. Confidential information
The following records or information of the board, the commissioner, or the agent(s) of either, shall be confidential and shall not be disclosed: Information obtained or compiled in preparation of, or anticipation of, or during an examination, audit or investigation of any institution; Information reflecting the specific collateral given by a named borrower, the specific […]
§ 81-14-169. Statement filed by savings bank; publishing requirement
The commissioner shall call upon each state savings bank for the reports required in this section. Such calls shall be made by the commissioner in writing by letter or other similar means of written communications for the same dates and as often as calls are issued by the appropriate federal regulating authority for reports from […]
§ 81-14-171. Annual audit requirement
The commissioner shall require that every state savings bank have its affairs audited at least once a year. The commissioner shall review such audit within a reasonable time after its completion.
§ 81-14-173. Prohibited practices
Any person who shall engage in any of the following acts shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined or imprisoned, or both, in the discretion of the court: Defamation: Making, publishing, disseminating or circulating any oral, written or printed statement regarding the financial condition of any savings bank which […]
§ 81-14-175. Appeal from final rule, regulation or order of commissioner or board
Unless otherwise provided in this chapter, any interested person aggrieved by any rule, regulation or order of the commissioner and/or the board, as applicable, shall have the right, regardless of the amount involved, to appeal to the Circuit Court of the First Judicial District of Hinds County. However, if the appellant is an applicant for […]
§ 81-14-177. Credit allowed for savings banks; commissioner discretion
In all examinations no savings bank shall be allowed credit in excess of its sound value for a note or security of which the principal and interest is over twelve (12) months past due; nor for any bond in excess of the real value thereof; nor for any stock of its own held more than […]
§ 81-14-179. Commissioner to provide copy of call reports; failure or refusal; misdemeanor
A copy of the call reports of any savings bank shall be furnished to any person or corporation requesting the same for a reasonable fee prescribed by the commissioner, which shall be collected by the commissioner and shall be paid into the department maintenance fund. If the commissioner fails or refuses to furnish copies of […]