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Can you summarize OKAC 180?
Oklahoma Administrative Code > Oklahoma State Credit Union Board
Short Summary
The provided legal document content pertains to the supervision, regulation, and administration of credit unions in Oklahoma. It includes information about the Credit Union Administrator document, adjustable rate mortgage loans, variable rate loans, safe deposit box services, investment and deposit rules, payment of dividends and interest, holding of property for members, field of membership expansion, and the establishment and conversion of credit unions. The documents outline requirements, restrictions, and procedures for different types of credit unions, including single common bond credit unions, multiple common bond credit unions, and community credit unions. They also cover the rules and procedures for administrative operations of the Oklahoma State Credit Union Board, including the review of records, examination reports, requests for information, subpoenas, and the conduct of hearings and proceedings. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
State-chartered credit unions, credit union administrators, depositories, board of directors, select associational groups, employee groups, community credit unions, individuals or entities involved in establishing new credit unions, individuals or entities involved in converting between state-chartered and federally-chartered credit unions
What does it govern?
Supervision, regulation, and administration of credit unions in Oklahoma
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Oklahoma