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MS SB2018
Bill
AI Summary
- Extends the automatic repeal date of Section 81-1-81(2), Mississippi Code of 1972, from July 1, 2022 to July 1, 2026
- Authorizes the Commissioner of Banking and Consumer Finance to join examinations and issue joint reports with the Federal Reserve Bank for bank holding companies with more than $1 billion in assets that own Mississippi state-chartered banks
- Permits 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
- Prohibits any costs to banks or bank holding companies resulting from the Commissioner's participation in joint examinations
- Effective date: July 1, 2022
Legislative Description
MS Department of Banking and Consumer Finance conduct periodic joint-bank examinations; extend repealer.
Last Action
Approved by Governor
3/11/2022
Committee Referrals
Banking and Financial Services2/3/2022
Business and Financial Institutions1/6/2022
Full Bill Text
No bill text available