A depository bank and foreign bank that is authorized to make loans may engage in the business of loan production. A loan production office is any place of business located within this state at which the bank engages solely in activities relating to loan production. A loan production office is not a branch office. A depository bank or foreign bank shall provide the commissioner with written notice of its intent to establish or relocate a loan production office under RSA 383-A:6-602 and may proceed to establish a loan production office after filing the notice without further action by the commissioner.

This section of the New Hampshire Revised Statutes, under the DEPOSITORY BANK ACT, governs the ownership and operation of automated teller machines (ATMs) by depository banks. It clarifies that ATMs are not considered branches and that depository banks are not required to file a notice or application with the commissioner to establish, own, or operate an ATM. However, if a depository bank charges a fee for the use of an ATM, the amount of the fee must be clearly and conspicuously disclosed.

This legal document governs the examination of banks, credit unions, trust companies, family trust companies, and consumer credit licensees. The commissioner is required to examine the condition and management of depository banks and credit unions every 18 months, trust companies in accordance with RSA 383-C:14-1401, family trust companies in accordance with RSA 383-D:11-1101, and consumer credit licensees every 24 months. However, entities that meet certain criteria may have examinations waived or alternate between examinations.

This legal document, part of the New Hampshire Revised Statutes, falls under the jurisdiction of the Bank Commissioner. It grants the Bank Commissioner general supervision over bank holding companies, which include corporations, partnerships, limited partnerships, limited liability companies, limited liability corporations, business trusts, or any other form of business entity organized under the laws of any jurisdiction. A bank holding company is defined as an entity that beneficially owns, controls, or holds the power to vote 25 percent or more of the voting stock of any federally chartered or state-chartered bank or possesses the power to control or controls the election of a majority of the directors of any such banking organization.

This legal document pertains to the establishment and use of common trust funds by bank or trust companies that are affiliates of a bank holding company or a savings and loan holding company. The document allows such entities to establish common trust funds for the purpose of providing investments to themselves as fiduciaries, to other affiliates of the same holding company qualified to act as fiduciaries, or to themselves and others as co-fiduciaries.

If any institution whose deposit accounts have been reduced under the provisions of this chapter shall afterward receive new deposits it shall keep its accounts, and in all respects conduct its business relating to such new deposits, as if it were a separate institution, distinct from the one in which the old deposits were made; and if proceedings shall be commenced against such institution to wind up its affairs the court may make the same applicable to either or both parts of such business.

The commissioner may by order authorize any bank or banks to receive new deposits under such special rules and regulations as in the opinion of the commissioner the interest of the public or of such bank or banks or the depositors thereof may require. Source. 1933, 25:3. RL 318:3.

The commissioner may by order authorize any bank or banks to receive new deposits, which new deposits shall be special deposits and designated as such, shall be segregated from all other deposits and may be invested only in assets approved by the commissioner as being sufficiently liquid to be available when needed to meet any demands on account of such special deposits, which assets shall not be merged with other assets but shall be held in trust for the security and payment of such special deposits, except that income from such assets may to the extent authorized by the commissioner be used by the bank for other proper purposes of the institution, and the withdrawal of such special deposits shall not be subject in any respect to restriction or limitation under this chapter.

Licensees shall implement a system of education, training, monitoring, and periodic inspection designed to inform their authorized delegates of their responsibilities, consistent with the Bank Secrecy Act and the requirements to file reports required by federal law. Licensees whose authorized delegates are not required to register independently with FinCEN shall ensure that such authorized delegates have adequate written policies and procedures in place to implement effective Bank Secrecy Act and anti-money laundering programs.

I. Licensees shall create, implement, and file with the commissioner written plans for compliance with federal laws, including but not limited to the Bank Secrecy Act of 1970 as amended, and regulations, 31 U.S.C. section 5313, 31 C.F.R. part 1010, and other federal and state laws pertaining to currency reporting, recordkeeping, suspicious activity reporting, and money laundering with regards to money transmission transactions in this state. II. The timely filing with the appropriate federal agency of a complete and accurate report required by paragraph I complies with the requirements of this section, unless the commissioner notifies the licensee that reports of this type are not being regularly and comprehensively transmitted by the federal agency to the commissioner.