TN HB2537

Removes the mandatory requirement for full-scope bank examinations every three years and allows the commissioner to extend examination cycles from annual to 24 months or longer based on factors including management quality, capitalization, risk profile, and internal controls.

Grants the commissioner authority to determine the type, amounts, and characteristics of share insurance required for state credit unions, considering safety and soundness, economic impact, public confidence, and industry views.

Requires credit unions to obtain and maintain share and deposit insurance through the National Credit Union Association unless the commissioner determines otherwise.

Extends credit union examination requirements from annual to up to 24 months or longer at the commissioner's discretion, using similar criteria applied to bank examinations.

Deletes Part 11 of Chapter 4 (credit union provisions) in its entirety and updates exemption definitions for financial institutions under the Tennessee Money Transmission Act to include additional federally regulated entities.