Wisconsin § 214.90 Action to correct conditions.

Wisconsin Statutes

§ 214.90 — Action to correct conditions.

Wisconsin § 214.90

Ch. 214Savings banks

Subch.subch. XII of ch. 214 SUBCHAPTER XII

ENFORCEMENT POWERS

This text of Wisconsin § 214.90 (Action to correct conditions.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 214.90 (2026).

Text

90  The division may issue an order requiring a savings bank, savings bank subsidiary, service corporation, affiliate, savings bank holding company or a party affiliated with a savings bank to take action to correct any condition resulting from a violation or practice identified in the order. The division may by order require the savings bank, savings bank subsidiary, service corporation, affiliate, savings bank holding company or party affiliated with a savings bank to do any of the following:
90(1) (1) Make restitution or provide reimbursement, indemnification or guarantees for or against losses if any of the following conditions occurs:
90(1)(a) (a) The person was unjustly enriched or received direct or indirect personal benefit in connection with the violation or practice.

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214.90 The division may issue an order requiring a savings bank, savings bank subsidiary, service corporation, affiliate, savings bank holding company or a party affiliated with a savings bank to take action to correct any condition resulting from a violation or practice identified in the order. The division may by order require the savings bank, savings bank subsidiary, service corporation, affiliate, savings bank holding company or party affiliated with a savings bank to do any of the following:
214.90(1) (1) Make restitution or provide reimbursement, indemnification or guarantees for or against losses if any of the following conditions occurs:
214.90(1)(a) (a) The person was unjustly enriched or received direct or indirect personal benefit in connection with the violation or practice.
214.90(1)(b) (b) The violation or practice involved a reckless disregard for applicable state or federal laws, regulations, rules or orders of the division or other appropriate regulator.
214.90(2) (2) Restrict the savings bank’s growth or institute appropriate operating restrictions.
214.90(3) (3) Dispose of any loan or asset involved.
214.90(4) (4) Rescind an agreement or contract.
214.90(5) (5) Submit candidates for future directors, employees or officers to the division for approval.
214.90(6) (6) Take any other action the division considers necessary.