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Can you summarize FLREG Chapter 69U-120?
FSC - Financial Institution Regulation > BANKS, TRUST COMPANIES, SAVINGS BANKS AND ASSOCIATIONS
Short Summary
The provided legal document content consists of multiple documents governed by the Florida Administrative Code, Department of Financial Services, FSC - Financial Institution Regulation. These documents pertain to banks, trust companies, savings banks, and associations in Florida. They cover various aspects such as stockholder lists, stock options, loans secured by secondary liens on real estate, lease financing, undivided profits, borrowing obligations, eligibility criteria for securities, internal audit procedures, filing of director and officer information, filing of financial reports, investments and deposits in foreign banks, daily liquidity, and assessments to be paid by state banks and state trust companies. The documents outline requirements for stockholder lists, stock option plans, loans secured by secondary liens, lease financing, undivided profits for loan and investment purposes, borrowing obligations, eligibility criteria for securities, internal audit procedures, filing of director and officer information, filing of financial reports, investments and deposits in foreign banks, daily liquidity requirements, and assessments to be paid by state banks and state trust companies. The documents provide guidelines, criteria, and procedures that must be followed by the mentioned financial institutions in Florida. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
State banks, trust companies, savings banks, and associations in Florida
What does it govern?
BANKS, TRUST COMPANIES, SAVINGS BANKS AND ASSOCIATIONS
What are exemptions?
No specific exemptions are mentioned in the documents.
What are the Penalties?
No specific penalties for non-compliance or violations are mentioned in the documents.
Jurisdiction
Florida