Wisconsin Administrative Code (Last Updated: January 10, 2017) |
Agency DFI. Department of Financial Institutions |
Chapters DFI-SB1-22. Department of Financial Institutions-Savings Banks |
Chapter DFI-SB2. General Provisions |
Section 2.03. Supervisory orders.
Latest version.
- (1) Purpose. To carry out the division's supervisory responsibilities, the division may issue a supervisory order when he or she determines that a savings bank or a savings bank holding company, subsidiary, service corporation or affiliate is:(a) Violating the provisions of its articles of incorporation, bylaws, a state or federal law, a state rule or a federal regulation applicable to it or any order issued by the division; or(b) Engaging in any unsafe or unsound practice.(2) Format. A supervisory order issued under s. 214.74 , Stats., shall be captioned "SUPERVISORY ORDER UNDER SECTION 214.74 STATUTES". If it is not so captioned, it does not constitute a supervisory order under that section.
Cr.
Register, February, 1994, No. 458
, eff. 3-1-94.
Note
This section interprets or implements ss.
214.715 (1) (a)
and
(c)
and
214.74
, Stats.
Microsoft Windows NT 6.1.7601 Service Pack 1