MS HB481

Extends the repeal date for the Commissioner of Banking and Consumer Finance's authority to join examinations and issue joint reports with the Federal Reserve Bank from July 1, 2022 to July 1, 2026.

Applies to bank holding companies (including foreign-owned) with more than $1 billion in assets that own a Mississippi state-chartered bank.

Authorizes the Commissioner to accept Federal Reserve Bank examination reports in lieu of conducting joint examinations and to join related supervisory orders issued by the Federal Reserve Bank.

Specifies that bank holding companies bear no cost for the Commissioner's participation in joint examinations.

Takes effect July 1, 2022.