§ 28-7-1-11 — Quarterly call report of credit union's condition; civil penalty for failure to report; information in report

Indiana § 28-7-1-11

• Jurisdiction: Indiana
• Art. 7: SPECIALIZED FINANCIAL INSTITUTIONS
• Ch. 1: Credit Unions

Text

Each credit union shall make a call report of
its condition to the department, at least quarterly on forms and in
accordance with guidelines approved by the director. Reports in
addition to the regular reports may be required. A credit union that fails
to comply with this section may be required by the department to pay
a civil penalty of one hundred dollars ($100) for each day of
noncompliance. Money paid under this section as determined by the
department shall be deposited into the financial institutions fund
established by IC 28-11-2-9. Except as specified in IC 28-11-3-3
concerning individual depositors, any information contained in call
reports made by credit unions to the department must be made
available to any person upon request.
Formerly: Acts 1961, c.182, s.11. As amended by Acts 1982,
P.L.170, SEC.3; P.L.33-1991, SEC.54; P.L.228-1993, SEC.3;
P.L.263-1995, SEC.9; P.L.141-2005, SEC.14; P.L.89-2011,
SEC.49.