Title 06, Banks and Financial Institutions
16 chapters · 580 sections in this title.
AS 06.01.010 Examination and investigation fees and assessments.
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(a) The expenses of the department reasonably incurred in the examination or investigation of all financial institutions or applications to establish financial institutions regulated by the department under this title shall be charged to and paid by each financial institution as …
AS 06.01.015 Examinations.
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(a) Financial institutions regulated under this title, except licensees subject to AS 06.40, are subject to at least one examination every 18 months. The department may conduct additional examinations and may examine licensees subject to AS 06.40 at its discretion. (b) The depart…
AS 06.01.020 Department authority to add financial institution powers and limitations.
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(a) Notwithstanding other provisions of this title, the department may by order authorize state financial institutions, except licensees subject to AS 06.20, AS 06.40, or AS 06.50, to exercise any of the powers conferred upon, or to be subject to any of the limitations imposed up…
AS 06.01.025 Records of department.
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(a) Information in the records of the department obtained through the administration of this title is confidential, is not subject to subpoena, and may be revealed only with the consent of the department. (b) The department shall retain reports of examinations for five years.
AS 06.01.028 Depositor and customer records confidential.
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(a) The records of financial institutions relating to their depositors and customers and the information in the records are confidential. A financial institution may not disclose the records and information to another person except when, and only to the extent that, the disclosur…
AS 06.01.030 Orders and injunctions; notice and hearings.
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(a) Whenever it appears to the department that a person is engaging, has engaged, or is about to engage in an unsafe or unsound practice in conducting the business of a financial institution, or is violating, has violated, or is about to violate a provision of this title or a reg…
AS 06.01.035 Penalties.
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(a) A person who knowingly violates, or causes another person to violate, a provision of this title, or a regulation or order of the department under this title, for which a specific remedy is not provided, is guilty of a class A misdemeanor. (b) A person who, without first recei…
AS 06.01.040 Examination policy.
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It shall be the policy of the department to conduct, whenever reasonably possible, joint examinations with the Federal Deposit Insurance Corporation or with the National Credit Union Administration of those institutions subject to this title whose accounts are insured through tho…
AS 06.01.045 Accounting and disposition of fees. [Repealed, § 28 ch 90 SLA 1991.]
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[Repealed or reserved.]
AS 06.01.048 Regulations.
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Regulations required or authorized under this title shall be adopted under AS 44.62 (Administrative Procedure Act).
AS 06.01.050 Definitions.
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In this chapter, unless the context otherwise requires, (1) commissioner means the commissioner of commerce, community, and economic development or a designee of the commissioner; (2) department means the Department of Commerce, Community, and Economic Development; (3) finan…