PocketLaw | Utah Code | Powers and Duties of Commissioner of Financial

Powers and Duties of Commissioner of Financial Institutions

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Powers and duties of commissioner -- Rulemaking.

Review of supervisor's action by commissioner.

Joint operations and information exchange by institutions.

Civil actions against unauthorized operations.

Final decisions on applications for new institutions, branches, relocation, merger, consolidation, acquisition and changes in control of financial institutions.

Cease and desist orders -- Procedure for issuance.

Suspension or removal of director or officer -- Grounds -- Procedure for issuance of order.

Hearings by commissioner -- Discretion of commissioner -- Procedure -- Judicial review.

Subpoena power of commissioner.

Moratoriums on applications for new depository institutions or branches.

Reports required of large stockholders of financial institutions as to loans secured by stock.

Requiring remedial action by institution in or about to be in unsound condition -- Assistance by insurers.

Examination of institutions by commissioner or supervisor.

Examination by board of directors required -- Report.

Forms for reports required from institutions.

Reports of condition called for by commissioner.

Reports of condition -- Form -- Falsification or failure to file.

Notice to county attorney or district attorney of criminal violations -- Attorney general to conduct actions commenced by commissioner -- Assistance of county attorney or district attorney.

Actions to enjoin violations -- Bond not required -- Recovery -- Attorney's fees.

Powers and duties of commissioner to carry out purposes of title.

Orders of commissioner -- Writing -- Service -- Contents -- Enforcement.

Regulation of interstate operations -- Coordination of efforts.

Debt cancellation agreements and debt suspension agreements.

Compliance with applicable federal law.