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Can you summarize NHRS 383:9-d?
BANK COMMISSIONER > Examination of Banks, Credit Unions, Trust Companies, and Family Trust Companies.
Short Summary
This legal document governs the examination of banks, credit unions, trust companies, family trust companies, and consumer credit licensees. The commissioner is required to examine the condition and management of depository banks and credit unions every 18 months, trust companies in accordance with RSA 383-C:14-1401, family trust companies in accordance with RSA 383-D:11-1101, and consumer credit licensees every 24 months. However, entities that meet certain criteria may have examinations waived or alternate between examinations. The document does not specify any penalties for non-compliance. Overall, the document outlines the frequency and conditions for examinations of various financial institutions and licensees.
Whom does it apply to?
Depository banks, credit unions, trust companies, family trust companies, and consumer credit licensees
What does it govern?
Examination of Banks, Credit Unions, Trust Companies, and Family Trust Companies
What are exemptions?
Entities that qualify under specific conditions may alternate examinations or have examinations waived
What are the Penalties?
No specific penalties mentioned
Jurisdiction
New Hampshire