Amends Tennessee Code to modify regulations for financial institutions, including credit unions and banks.
The bill amends Tennessee Code to adjust the regulatory framework for financial institutions, including credit unions and banks. It modifies the examination frequency for credit unions, allowing the commissioner to extend the period between examinations up to 24 months. It also grants the commissioner the authority to determine the type and amount of share insurance required for credit unions based on examinations. For banks, the bill changes the examination criteria to consider factors such as management quality, capitalization, and risk profile.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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