(a) (1) The Bank Commissioner may enter into cooperative, coordinating, and information-sharing agreements with any other bank supervisory agencies or any organization affiliated with or representing one (1) or more bank supervisory agencies with respect to the periodic examination or other supervision of an office in this state of an out-of-state trust institution or an office of a state trust institution in a host state.(2) The commissioner may accept a party's report of examination and report of investigation in lieu of conducting his or her own examination or investigation.
(1) The Bank Commissioner may enter into cooperative, coordinating, and information-sharing agreements with any other bank supervisory agencies or any organization affiliated with or representing one (1) or more bank supervisory agencies with respect to the periodic examination or other supervision of an office in this state of an out-of-state trust institution or an office of a state trust institution in a host state.
(2) The commissioner may accept a party's report of examination and report of investigation in lieu of conducting his or her own examination or investigation.
(b) (1) The commissioner may contract with a bank supervisory agency that has concurrent jurisdiction over a state trust institution or an out-of-state trust institution maintaining an office in this state to engage the services of the bank supervisory agency's examiners at a reasonable rate of compensation, or to provide the services of the commissioner's examiners to the bank supervisory agency at a reasonable rate of compensation.(2) A contract under subdivision (b)(1) of this section shall be deemed a sole source contract under § 19-61-507.
(1) The commissioner may contract with a bank supervisory agency that has concurrent jurisdiction over a state trust institution or an out-of-state trust institution maintaining an office in this state to engage the services of the bank supervisory agency's examiners at a reasonable rate of compensation, or to provide the services of the commissioner's examiners to the bank supervisory agency at a reasonable rate of compensation.
(2) A contract under subdivision (b)(1) of this section shall be deemed a sole source contract under § 19-61-507.
(c) The commissioner may enter into joint examinations or joint enforcement actions with other bank supervisory agencies having concurrent jurisdiction over an office established and maintained in this state by an out-of-state trust institution or an office established and maintained by a state trust institution in any host state, if:(1) The commissioner may at any time take action independently if the commissioner deems the action to be necessary or appropriate to carry out his or her responsibilities under this chapter or to ensure compliance with the laws of this state; or(2) In the case of an out-of-state trust institution, the commissioner recognizes the exclusive authority of the home state regulator over corporate governance matters and the primary responsibility of the home state regulator with respect to safety and soundness matters.
(1) The commissioner may at any time take action independently if the commissioner deems the action to be necessary or appropriate to carry out his or her responsibilities under this chapter or to ensure compliance with the laws of this state; or
(2) In the case of an out-of-state trust institution, the commissioner recognizes the exclusive authority of the home state regulator over corporate governance matters and the primary responsibility of the home state regulator with respect to safety and soundness matters.
(d) (1) An out-of-state trust institution that maintains at least one (1) office in this state may be assessed and, if assessed, shall pay supervisory and examination fees according to the laws of this state and rules of the commissioner.(2) The fees may be shared with other bank supervisory agencies or an organization affiliated with or representing one (1) or more bank supervisory agencies according to agreements between the parties and the commissioner.
(1) An out-of-state trust institution that maintains at least one (1) office in this state may be assessed and, if assessed, shall pay supervisory and examination fees according to the laws of this state and rules of the commissioner.
(2) The fees may be shared with other bank supervisory agencies or an organization affiliated with or representing one (1) or more bank supervisory agencies according to agreements between the parties and the commissioner.