(a) All banks and, to the extent of and with respect to business done at any branches established in the United States Virgin Islands, all foreign banks doing business in the United States Virgin Islands shall be regulated and supervised by the Banking Board in such manner as to secure the safe and sound conduct […]
Right of inspection; examiners (a) Every bank and every branch thereof, and every branch established in the United States Virgin Islands by a foreign bank doing business in the United States Virgin Islands, and every other entity engaged in the business of banking as provided in this title, shall be subject to inspection and supervision […]
(a) Neither the Lieutenant Governor nor any representative of the Lieutenant Governor, nor any member of the Banking Board or employee thereof, nor any bank examiner shall, during the discharge of his office— (1) be an officer, director or employee in any bank, foreign bank, bank incorporated and organized under the National Bank Act (12 […]
(a) Every bank or foreign bank shall make at least one report each year to the Banking Board within ninety days after close of the bank’s fiscal year, and according to forms to be prescribed by it, verified by the oath of the chief executive officer and attesting officer, certifying and subscribing under oath that […]
(a) Where, by the terms of a mortgage on real property or as otherwise required by a mortgagee, banking or lending institution, the mortgagor is required to make periodic payments which include sums to be allocated to an escrow account for the purpose of paying taxes, insurance or improvements to the mortgaged property, or any […]
(a) Every mortgagee, banking or lending institution requiring a mortgagor to maintain an escrow account for the purpose of paying taxes, insurance or improvements or for insurance settlements or on behalf of the mortgage property, shall pay to or to the account of such mortgagor, interest on the average quarterly balance of such escrow fund […]
(a) Every foreign bank shall annually prepare a Community Reinvestment Act (CRA) statement for each island of the territory and shall include the CRA statements in its annual report filed under section 64 of this title. Each CRA statement shall contain: (1) the name of the island; (2) a list of specific types of credit […]
