Rhode Island § 19-6-2 § 19-6-2. Examination powers.

Rhode Island Statutes

§ 19-6-2 — § 19-6-2. Examination powers.

Rhode Island § 19-6-2

Title 19Financial institutions

Ch. 19-6Bank Holding Companies

This text of Rhode Island § 19-6-2 (§ 19-6-2. Examination powers.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-6-2 (2026).

Text

§ 19-6-2. Examination powers.
Whenever the director, or the director's designee, considers it advisable, he or she
            may make, or cause to be made, an examination of each Rhode Island bank-holding company.
            The director, or the director's designee(s), may also examine any deposit-taking subsidiary
            of the bank-holding company that fails to meet its minimum capital requirements under
            applicable federal law, or has received from its principal bank regulator, as its
            last composite rating based on capital, asset quality, management, earnings, and liquidity
            (CAMEL) or similar regulatory rating, a three, four, five, or other unsatisfactory
            rating.

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§ 19-6-2. Examination powers.

Whenever the director, or the director's designee, considers it advisable, he or she may make, or cause to be made, an examination of each Rhode Island bank-holding company. The director, or the director's designee(s), may also examine any deposit-taking subsidiary of the bank-holding company that fails to meet its minimum capital requirements under applicable federal law, or has received from its principal bank regulator, as its last composite rating based on capital, asset quality, management, earnings, and liquidity (CAMEL) or similar regulatory rating, a three, four, five, or other unsatisfactory rating. The director, or the director's designee, shall have the same examination power and authority as he or she has for the examination of regulated institutions. The total cost of these examinations shall be paid in the same manner as other regulated institutions pursuant to this title. In lieu of this examination, the director, or the director's designee, shall accept the report of an examination made within the last fifteen (15) months by any federal bank regulatory agency or the equivalent supervisory official of another state, pursuant to the laws of that state.