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Can you summarize MOCS Title 20, Division 1100, Chapter 2?
DIVISION OF CREDIT UNIONS > State-Chartered Credit Unions
Short Summary
The provided legal document content covers a wide range of topics related to state-chartered credit unions in Missouri. It includes rules governing the frequency of credit union examinations, the accounting system to be utilized by credit unions, the use of advertising and assumed names, membership requirements, surety bond coverage, standards for newly chartered credit unions, lending policies, borrowing and lending to other credit unions, allowance for loan loss account, reporting requirements for delinquent loans, liquidation procedures, merger and consolidation procedures, offering additional financial services, investing in or lending to credit union service organizations, handling inactive accounts, audit requirements, investments in savings and loan associations and savings banks, acceptable investments for credit unions, call report submission requirements, audits by supervisory committee, special share and thrift accounts, acceptance of public funds, limitations on deposits from external sources, federal requirements for credit unions, and removal or suspension of officers and directors. These documents apply to state-chartered credit unions in Missouri and provide guidelines and regulations for their operations and compliance. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
State-chartered credit unions in Missouri
What does it govern?
Frequency of credit union examinations, accounting system for credit unions, use of advertising and assumed names by credit unions, membership requirements, surety bond coverage, standards for newly chartered credit unions, lending policies, borrowing and lending to other credit unions, allowance for loan loss account, reporting requirements for delinquent loans, liquidation procedures, merger and consolidation procedures, offering additional financial services, investing in or lending to credit union service organizations, handling inactive accounts, audit requirements, investments in savings and loan associations and savings banks, acceptable investments for credit unions, call report submission requirements, audits by supervisory committee, special share and thrift accounts, acceptance of public funds, limitations on deposits from external sources, federal requirements for credit unions, removal or suspension of officers and directors
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Missouri