§ 11-102-507 — Informal enforcement authority

The banking board, or the
commissioner if so authorized by the banking board, shall have authority to initiate
informal actions to enforce the provisions of this code. In this regard the banking
board or the commissioner may, in the banking board's or the commissioner's
discretion, enter into written agreements such as a memorandum of understanding
with, or an informal commitment letter from, or strongly worded letter of reprimand
to any bank or any executive officer, director, employee, agent, or other person
participating in the conduct of the affairs of a bank.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1079, � 3, effective July 1.