§ 23-46-505 — Noncompliance with banking law - Special examinations

Arkansas § 23-46-505

• Jurisdiction: Arkansas
• Title: 23

Text

Whenever it shall come to the knowledge of the Bank Commissioner that any state bank or subsidiary trust company has failed or refused to comply with any of the provisions of the Arkansas Banking Code of 1997, with any provision of federal law or federal regulations applicable to financial institutions, with any State Bank Department rules, or with any direction of the commissioner made specifically to that state bank or subsidiary trust company as a result of an examination into its affairs, he or she is authorized, as a penalty for that failure or refusal, to make a special examination of the state bank or subsidiary trust company, to charge and collect the same fees therefor as for a regular examination, and to continue such examinations and charges at intervals of thirty (30) days or less until such provisions, regulations, rules, and directions are complied with.

Legislative History

Amended by Act 2019, No. 315,§ 2532, eff. 7/24/2019. Acts 1997, No. 89, § 1.