54C-52. Supervision. (a) The Commissioner of Banks shall perform the duties and exercise the powers as to savings banks organized or operated under this Chapter, except as otherwise provided herein. (b) The Commission may review, approve, disapprove, or modify any action taken by the Commissioner of Banks in the exercise of the powers, duties, and […]
54C-53. Power of Commissioner of Banks to adopt rules and definitions; reproduction of records. (a) The Commissioner of Banks shall adopt rules, definitions, and forms as may be necessary for the supervision and regulation of savings banks and for the protection of the public investing in savings banks. (b) Without limiting the generality of subsection […]
54C-54. Examinations by Commissioner of Banks; report. (a) It is the Commissioner of Banks’ duty, if at any time the Commissioner of Banks deems it prudent, 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 […]
54C-55. Supervision and examination fees authorized; use of funds collected under Chapter. (a) Every State savings bank, including savings banks in process of voluntary liquidation, or a holding company thereof, shall pay into the office of the Commissioner of Banks each July a supervisory fee. Examination fees shall be paid promptly upon an association’s receipt […]
54C-56. Prolonged audit, examination, or revaluation; payment of costs. (a) If, in the opinion of the Commissioner of Banks, an examination conducted under G.S. 54C-55 fails to disclose the complete financial condition of a savings bank, the Commissioner of Banks may in order to ascertain its complete financial condition: (1) Make an extended audit or […]
54C-57. Commissioner of Banks to have right of access to books and records of the savings bank; right to issue subpoenas, administer oaths, examine witnesses. (a) The Commissioner of Banks and the Commissioner of Banks’ agents: (1) Shall have free access to all books and records of a savings bank, or a service corporation or […]
54C-58. Test appraisals of collateral for loans; expense paid. (a) The Commissioner of Banks 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 […]
54C-59. Relationship of savings banks with the Savings Institutions Division. (a) Except as provided by subsection (b) of this section, a savings bank or any director, officer, employee, or representative thereof shall not grant or give to any employee of the Savings Institutions Division or to their spouses, any loan or gratuity, directly or indirectly. […]
54C-60. Confidential information. (a) The following records or information of the Commission, the Commissioner of Banks, or the agent of either shall be confidential and shall not be disclosed: (1) Information obtained or compiled in preparation of or anticipation of, or during an examination, audit, or investigation of any association; (2) Information reflecting the specific […]
54C-60.1. Confidential records. (a) As used in this section: (1) "Compliance review committee" means: a. An audit, loan review, or compliance committee appointed by the board of directors of a savings bank or any other person to the extent the person acts at the direction of or reports to a compliance review committee; and b. […]
54C-61. Annual license fees. A state savings bank shall pay an annual license fee set by the Commissioner of Banks, subject to the advice and consent of the Commission. The license fee shall be used to defray the expenses incurred by the Division in supervising State savings banks. The Commissioner of Banks may license each […]
54C-62. Statement filed by savings bank; fees and examination. A State savings bank shall file in the Office of the Commissioner of Banks, on or before the first day of February in each year, in the form prescribed by the Commissioner of Banks, a statement of the business standing and financial condition of the savings […]
54C-64. Prohibited practices. A person who engages in any of the following acts or practices is guilty of a Class 1 misdemeanor: (1) Defamation: Making, publishing, disseminating, or circulating, directly or indirectly, or aiding, abetting, or encouraging the making, publishing, disseminating, or circulating of any oral, written, or printed statement that is false regarding the […]
