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OK HB2779

Bill

Status

Passed

4/12/2010

Primary Sponsor

Pat Ownbey

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Modifies qualifications for Deputy Commissioner to include experience as Assistant Deputy Commissioner or other Department employee, in addition to existing banking experience requirements.

  • Prohibits disclosure of bank examination reports and records to third parties, including through subpoena, unless directed to the Banking Department per Section 208.

  • 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.

  • 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.

  • 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

Committee Referrals

Economic Development and Financial Services2/2/2010

Full Bill Text

No bill text available