Rejection or Revocation of Registration as a Domestic International Banking Facility

  1. Law
  2. Georgia Code
  3. Banking and Finance
  4. Financial Institutions
  5. Domestic International Banking Facilities
  6. Rejection or Revocation of Registration as a Domestic International Banking Facility

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  1. The department may revoke any registration or reject any application to register or renew a registration for a domestic international banking facility upon a finding that:
    1. The facility no longer qualifies to register under this article;
    2. The scope of the business conducted by the facility exceeds that authorized by this article;
    3. The chartering authority of the parent bank of the facility requests such action in writing; or
    4. The department determines, on its own initiative or otherwise, that representations made by the registrant, including, but not limited to, representations under paragraph (6) of subsection (b) of Code Section 7-1-732, are inaccurate.
  2. No facility whose registration has been rejected by the department may establish an international banking facility in this state.

(Ga. L. 1981, p. 770, § 4.)


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