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Can you summarize Banking Commission > BANKS?
Banking Commission > BANKS
Short Summary
The provided legal document content covers various aspects related to the establishment and operation of banks in North Carolina. It includes regulations for the establishment of courier services by banks, requirements for written agreements between banks and customers, and the handling of deposits and negotiable instruments by courier services. The document also governs the establishment and operation of Non-Branch Bank Business Offices (NBBOs), outlining the services and activities they are allowed to engage in. Additionally, the document specifies the fees, copies, and publication costs associated with various proceedings filed with the Commissioner of Banks. It also covers the leasing of personal property by banks, outlining the restrictions and requirements for such transactions. The document further addresses the loan documentation practices of banks, including the types of documentation that must be maintained and the standards for safety and soundness. It also allows banks to invest in mutual funds within the limitations set by federal regulators. The document provides guidelines for the retention, reproduction, and disposition of bank records, as well as the establishment and maintenance of reserve accounts. It also requires banks, their affiliates, and the bank’s parent holding company to keep and make available books and records that reflect the bank’s transactions and financial condition. The document covers the operation of banks on a five-day week basis and outlines the examination and reporting requirements for banks. It also addresses the investigation and review processes for banks, as well as the establishment and maintenance of limited service facilities. The document includes provisions for certification to the Secretary of State and outlines the application, examination, and review processes for bank charters. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Banks operating in North Carolina, customers of banks, Commissioner of Banks, Secretary of State
What does it govern?
Establishment of courier services by banks, establishment and operation of a Non-Branch Bank Business Office (NBBO), fees, copies, and publication costs associated with applications, petitions, and other proceedings filed with the Commissioner of Banks, leasing of personal property by banks, loan documentation practices of banks, investment in mutual funds by banks, maintenance of records by banks, retention, reproduction, and disposition of bank records, establishment and maintenance of reserve accounts for all banks, requirement for banks, their affiliates, and the bank's parent holding company to keep and make available books and records, operation of banks on a five-day week basis, examination and reports of banks, investigation and review of banks, establishment and maintenance of limited service facilities by banks, certification to the Secretary of State, application, examination, and review of bank charters
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
North Carolina