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OK HB2779
Bill
Status
4/12/2010
Primary Sponsor
Pat Ownbey
Click for details
AI Summary
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Modifies qualifications for Deputy Commissioner to include experience as Assistant Deputy Commissioner or other Department employee, in addition to existing banking experience requirements.
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Prohibits disclosure of bank examination reports and records to third parties, including through subpoena, unless directed to the Banking Department per Section 208.
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Requires the Commissioner's annual report to be published on the Oklahoma State Banking Department website in addition to submission to the Legislature and Oklahoma Publishing Clearing House.
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Allows the Commissioner to tender the Federal Deposit Insurance Corporation as liquidator when a bank is in danger of failing without requiring notice to be filed in district court.
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Expands appraisal exception for other real-estate-owned property when book value has been reduced to 50% or less of the most recent appraised value.
Legislative Description
Banks and trust companies; modifying various provisions of the Banking Code. Emergency.
Financial Institutions
Last Action
Approved by Governor 04/09/2010
4/12/2010