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Can you summarize WYST Title 13, Chapter 1?
BANKS, BANKING AND FINANCE > GENERAL PROVISIONS
Short Summary
The provided legal document content covers various aspects of Wyoming’s banking and finance laws. It includes the powers and duties of the state banking commissioner, the creation and operation of the state banking board, regulations for remote electronic banking facilities, disclosures related to checking accounts, operating hours of banks, requirements for various financial institutions and entities authorized to do business in the state, regulations for open banking, and the protection of vulnerable adults. The documents apply to a range of entities, including the state banking commissioner, deputy commissioners, state banking board members, operators of remote electronic terminals, financial institutions, customers with consumer deposit accounts, banks, bank officers, individuals and entities engaged in banking business, financial institutions within the state of Wyoming, vulnerable adults, agents, departments, investment adviser representatives, and qualified persons. Some exemptions exist for temporary checks and certain consumer deposit accounts regarding the display of the account opening date, as well as for assets protected under the federal Employee Retirement Income Security Act regarding surrender to financial institutions for past due child support. Penalties include misdemeanor charges and penalties for non-compliance with provisions related to remote electronic banking facilities, and penalties under W.S. 6-5-303 for making false representations to avoid compliance with the requirement to display the account opening date on checks. No specific penalties are mentioned for other documents.
Whom does it apply to?
State banking commissioner, deputy commissioners, state banking board members, operators of remote electronic terminals, financial institutions, customers with consumer deposit accounts, banks, bank officers, individuals and entities engaged in banking business, financial institutions within the state of Wyoming, vulnerable adults, agents, departments, investment adviser representatives, and qualified persons
What does it govern?
Powers and duties of the state banking commissioner, creation and operation of the state banking board, remote electronic banking facilities, disclosures related to checking accounts, operating hours of banks, various financial institutions and entities authorized to do business in the state, open banking, and protection of vulnerable adults
What are exemptions?
Temporary checks and consumer deposit accounts meeting certain criteria are exempted from the requirement to display the month and year the account was opened. Assets protected under the federal Employee Retirement Income Security Act are exempt from surrender to financial institutions for past due child support. No specific exemptions are mentioned for other documents.
What are the Penalties?
Misdemeanor charges and penalties for failure to comply with provisions related to remote electronic banking facilities. Penalties under W.S. 6-5-303 for making a written representation to avoid compliance with the requirement to display the month and year the account was opened for checks, drafts, or similar instruments. No specific penalties are mentioned for other documents.
Jurisdiction
Wyoming