HB529 Alabama 2013 Session

Updated Jul 24, 2021

House Bill

Enacted

Current Status

Regular Session 2013

Session

Sponsor

Summary

Primary Sponsor: Mike Hill
Republican
Session: Regular Session 2013
Title: Banks, bank holding companies and related entities, further defined, standards for examination by State Banking Department, regulation of credit exposure, Secs. 5-2A-8, 5-3A-1, 5-3A-3, 5-3A-11 am'd.
Description: Under existing law, the State Banking Department regulates state banks and state bank holding companies and related entities, except for national banks. The existing law specifies that an examination of a bank or bank holding company by the department may be conducted in the interest of the public.
This bill would specify that a state bank or state bank holding company and related entities regulated by the department may be examined if there is reason to believe the bank or bank holding company is not being operated in compliance with state law or safe and sound banking practices. The bill would also specify the application of the law to other forms of banking entities.
Subjects: Banks and Banking