Browse 6,137 source-backed statutes, open stored provisions and move directly into source-grounded legal research.
6,137 statutes · page 279 of 307
United States — Utah legislation
20 statutes shown from 6,137 source-backed records
Powers and duties of commissioner -- Rulemaking. Without limiting the other powers, duties, and responsibilities specified in this title, the commissioner has the functions, powers, duties, and responsibilities with respect to an
The commissioner must review a supervisor’s act or order if the institution or another affected person makes a written request.
The commissioner may approve certain joint cooperative actions by covered institutions if the commissioner finds they are in the public interest.
The commissioner may bring a civil action to stop or restrain unauthorized business activity or violations of this title, rules, regulations, or orders.
The commissioner must make final decisions on applications for approval of certain financial institution actions.
Cease and desist orders -- Procedure for issuance. If the commissioner has determined that any institution or other person under the jurisdiction of the department, or any director, officer, employee, agent, or other person participating
The commissioner may suspend or remove a director or officer, or bar further participation, after notice and a hearing if specified misconduct or charges are found and the commissioner sees risk to the institution or a financial benefit from fiduciary breach.
The commissioner may conduct hearings in matters within the commissioner's supervisory jurisdiction and must set discovery and hearing procedures consistent with the Utah Rules of Civil Procedure. Whether to hold a formal hearing is left to the commissioner's discretion.
The commissioner may issue subpoenas to require witnesses to appear and to produce books, records, papers, and documents.
The commissioner may impose a moratorium on new depository-institution applications or new branches/offices when financial and economic conditions require it.
The commissioner may require certain large stockholders to report stock-secured borrowing and its terms.
The commissioner may require a covered financial institution in or near an unsafe or unsound condition to take corrective or remedial action. An insurer of the institution’s accounts may provide loans, buy assets, open accounts, or give other assistance, but only with the commissioner’s approval.
The commissioner or responsible supervisor must examine covered institutions, and the commissioner may accept certain outside examinations instead of a state examination.
The commissioner may require a board of directors to examine, or have examined, an institution’s books, papers, and affairs, especially its loans, discounts, and overdrafts, and file a report.
The commissioner must prescribe report forms for certain financial institutions, may change those forms at discretion, and the department must provide blank required forms without charge when requested.
The commissioner may require an institution under the department’s jurisdiction to report its condition, and the institution must send the report within 30 days. Independent CPA reports and reports accepted by U.S. or state supervisory agencies are acceptable.
Banks and similar institutions must file condition reports with the department, on the commissioner’s form and verification requirements, and some false reporting conduct is a felony or perjury; late reports can trigger a daily penalty.
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. The commissioner shall inform the county attorney
Actions to enjoin violations -- Bond not required -- Recovery -- Attorney fees. Whenever it appears to the commissioner that any person has engaged in or is about to engage in any act or practice constituting a violation of this title or
The commissioner has additional powers, duties, and responsibilities needed or appropriate to carry out this title, prevent evasion, protect institutional safety and stability, and protect depositors and other customers.
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