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Can you summarize NERS 8-108?
BANKS AND BANKING > Director; bank, financial institution, holding company, or bank subsidiary; examination; powers; procedure; charge.
Short Summary
This legal document, governed by the Nebraska Revised Statutes, pertains to the examination of banks, financial institutions, holding companies, and bank subsidiaries. The director, deputy, or duly appointed examiner has the authority to thoroughly examine the books, papers, and affairs of these entities. They can administer oaths, examine officers, agents, and clerks under oath, and subpoena individuals to testify. The director also has the authority to examine and monitor these entities electronically. The department is also authorized to examine electronic data processing centers contracted by banks or financial institutions. The department may charge the electronic data processing center for the time spent by examiners in such examinations. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Banks, financial institutions, holding companies, bank subsidiaries, and electronic data processing centers
What does it govern?
Examination of banks, financial institutions, holding companies, and bank subsidiaries
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Nebraska