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Can you summarize TNRR 0180-07?
Financial Institutions > Rules of Practice: Applications, Instructions, Forms, Reports of State Banks,Schedule of Applications Fees for State Banks, BIDCO's, Savings Bank and Trust Companies
Short Summary
The provided legal document content outlines the rules and regulations related to application procedures, forms, instructions, and reports for banks, BIDCOs, savings banks, and trust companies in the state of Tennessee. It establishes the fees that the Department of Financial Institutions will assess against these entities for making such applications. The Commissioner has the authority to vary or waive a requirement if permitted by statute. The document covers various aspects of the application process, including the notice of intention to organize a state bank, approval of the notice, stock subscriptions, charter application, public notice, investigation and examination by the Commissioner, issuance of a charter and certificate of authority, amendment of charters, establishment of branch offices, relocation of main office or branch, and organizational expense fund for proposed state banks. It also mentions the requirement to update the list of subscribers, placing subscription proceeds in an escrow account, and the conditions for issuing a certificate of authority. The document provides detailed procedures, forms, and instructions for each application/notification process and mentions the applicable statutes governing these processes. It also includes information on the fees payable for different types of applications, notifications, relocations, mergers, acquisitions, conversions, and other activities. The document applies to state banks, BIDCOs, savings banks, and trust companies in Tennessee. No specific exemptions or penalties are mentioned in the document.
Whom does it apply to?
Banks, BIDCOs, savings banks, and trust companies
What does it govern?
Application procedures, forms, instructions, and reports for banks required by the Department of Financial Institutions, and sets the fees which the Department will assess against Banks, BIDCOs, Savings Banks, and Trust Companies which make such applications
What are exemptions?
The Commissioner may vary or waive a requirement where permitted by statute
What are the Penalties?
No specific penalties are mentioned in the document
Jurisdiction
Tennessee