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Can you summarize TNRR 0180-05?
Financial Institutions > Public Notice of Filing of Applications
Short Summary
This document outlines the requirements for publishing a public notice for applications or notifications related to a new bank charter or a branch bank. The notice must be published in a newspaper of general circulation in the community where the facility is to be established. In the case of a branch bank application/notification, an additional notice must be published in a newspaper of general circulation in the community where the applicant bank’s main office is located. The notice should include the name or proposed name of the applicant, the subject matter of the application/notification, the specific location of the proposed facility, the names of the organizers of the proposed facility (if a new bank), and the proposed name of a branch facility (if different from the bank’s chartered name). Individuals are given the opportunity to comment on or protest the application/notification, as well as provide information related to the fitness of the organizers or proponents. Comments can be filed with the Commissioner of Financial Institutions in Nashville, Tennessee within fifteen (15) days of the publication. The document references T.C.A. 45-1-107, 45-2-204(d), 45-2-614, and Public Acts of 1983, Chapter 216 as the authority for these requirements. The document also mentions that if a specific statement is attached to the public notice as required by the Federal Deposit Insurance Corporation’s Rule and Regulations, it will satisfy the Department’s requirements for public notices. The document provides administrative history and amendment information. It states that the applicant must furnish the Department with a clipping of the published notice after publication, but a certification from the publisher is not required. The document references T.C.A. 45-1-107, 45-2-204(d), 45-2-614, and Public Acts of 1983, Chapter 216 as the authority for this provision. The document provides administrative history and amendment information.
Whom does it apply to?
Applicants for new bank charters or branch banks
What does it govern?
Public notice requirements for applications or notifications related to new bank charters or branch banks
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Tennessee