Ask Reggi Your Question Now
Can you summarize NDAC Section 13-02-11-02?
Minimum Guidelines for Report of Examining Committee > Report of examining committee.
Short Summary
This document, part of the North Dakota Administrative Code, pertains to the Department of Financial Institutions and specifically addresses the Minimum Guidelines for Report of Examining Committee for Banking and Savings and Loan Associations. The document outlines the minimum procedures that examinations conducted by the board of directors, examining committee, auditors, or internal audit control system should include to comply with the report requirement of section 6-03-69. These procedures cover various aspects such as bank operations and asset accounts, loans and lease, security investments and trading accounts, liquidity capital accounts and income and expenses, trust department (if applicable), and bank subsidiaries (if applicable). The document also mentions the need for written policies, internal controls, and adherence to rules and regulations. The report provides guidance for ensuring the accuracy and compliance of various financial aspects within the banking and savings and loan associations. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Banking and Savings and Loan Associations
What does it govern?
Minimum Guidelines for Report of Examining Committee
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
North Dakota