TITLE 85. STATE BANKING DEPARTMENT

Updated: 8/26/2009

Chapter Section
1 Required Rules 85:1-1-1
10 Supervision, Regulation and Administration of Banks and the Oklahoma Banking Code 85:10-1-1
15 Money Service Businesses 85:15-1-1
20 Cemetery Merchandise Rules 85:20-1-1
25 Savings and Loan Associations 85:25-1-1

 

 

 

 

 

CHAPTER 1.

REQUIRED RULES

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Subchapter Section
1 General Provisions 85:1-1-1
3 Procedural Rules 85:1-3-1

[Authority: 6 O.S. §203]

[Source: Codified 12-31-91]

 

 

 

 

 

 

Chapter 1. Subchapter 1.

GENERAL PROVISIONS

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Section
85:1-1-1 Purpose
85:1-1-2 Definitions
85:1-1-3 Statutory citations
85:1-1-4 Operation and Location of the Board and Department
85:1-1-5 Communication with the Board and Commissioner
85:1-1-6 Requests for Information

[Authority: 6 O.S. §203(a)(2)]

 

 

 

 

 

 

Chapter 1. Subchapter 3.

PROCEDURAL RULES

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Section
85:1-3-1 Records and transcripts
85:1-3-2 Service of pleadings
85:1-3-3 Commencement of a proceeding; intervention;consolidation
85:1-3-4 Notice of hearing
85:1-3-5 Continuances
85:1-3-6 Depositions
85:1-3-7 Production of documents
85:1-3-8 Interrogatories
85:1-3-9 Examiner testimony
85:1-3-10 Examination reports - confidentiality
85:1-3-11 Pre-hearing conference
85:1-3-12 Witness and subpoenas
85:1-3-13 Rules of evidence
85:1-3-14 Order of proof
85:1-3-15 Adverse party
85:1-3-16 Off the record
85:1-3-17 Documents
85:1-3-18 Examination of witnesses
85:1-3-19 Complaint Procedure
85:1-3-20 Petitions for rulemaking
85:1-3-21 Declaratory Rulings

 

 

 

 

 

 

CHAPTER 10.

SUPERVISION, REGULATION AND ADMINISTRATION

OF BANKS AND THE OKLAHOMA BANKING CODE

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Subchapter Section
1 General Provisions and Definitions 85:10-1-1
3 Departmental Requirements 85:10-3-1
5 Requirements, Standards and Procedures for an Internal Control Program 85:10-5-1
7 Director’s Examinations 85:10-7-1
9 New Banks, Branches, and Other Facilities 85:10-9-1
11 Substantive Guidelines and Restrictions 85:10-11-1
13 Investor Protection 85:10-13-1

[Authority: 6 O.S. §203]

[Source: Codified 12-31-91]

 

 

 

 

 

 

Chapter 10. Subchapter 1.

GENERAL PROVISIONS AND DEFINITIONS

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Section
85:10-1-1 Purpose
85:10-1-2 Definitions

 

 

 

 

 

 

Chapter 10. Subchapter 3.

DEPARTMENTAL REQUIREMENTS

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Section
85:10-3-1 Report of condition
85:10-3-2 Report of change of controlling interest
85:10-3-3 Report of change of chief executive officer or director
85:10-3-4 Report of change of director [REVOKED][REVOKED]
85:10-3-5 [RESERVED]
85:10-3-6 [RESERVED]
85:10-3-7 [RESERVED]
85:10-3-8 [RESERVED]
85:10-3-9 [RESERVED]
85:10-3-10 Increase/decrease in capital stock
85:10-3-11 Change in number or par value of shares
85:10-3-12 Change in name - procedures and requirements
85:10-3-13 Relocation of a trust company or a main office, branch or detached facility of a bank [REVOKED 7-15-98]
85:10-3-14 Applying for trust powers
85:10-3-15 Abandonment of trust powers
85:10-3-16 Issuance of debentures or capital notes
85:10-3-17 Merger/conversion - national bank or savings association to a state charter
85:10-3-18 Records and retention
85:10-3-19 Reserve requirements [REVOKED]
85:10-3-20 Registration of bank or trust related activities
85:10-3-21 Fees
85:10-3-22 Organizational expenses
85:10-3-23 Suspicious Activity Reports

 

 

 

 

 

 

Chapter 10. Subchapter 5.

REQUIREMENTS, STANDARDS AND PROCEDURES

FOR AN INTERNAL CONTROL PROGRAM

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Section
85:10-5-1 Internal controls
85:10-5-2 Internal control program
85:10-5-3 Minimum control elements for bank internal control program
85:10-5-3.1 Internal control program for fiduciary activities of trust departments and trust companies
85:10-5-4 Reports
85:10-5-5 Review and appointments

 

 

 

 

 

 

Chapter 10. Subchapter 7.

DIRECTOR'S EXAMINATIONS

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Section
85:10-7-1 Examination procedures
85:10-7-2 Scope of examination
85:10-7-3 Minimum examination procedures
85:10-7-4 Trust companies [REVOKED]
85:10-7-5 Performance of an audit in lieu of examination

 

 

 

 

 

 

Chapter 10. Subchapter 9.

NEW BANKS, BRANCHES, AND OTHER FACILITIES

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Section
85:10-9-1 Application for a new bank or trust company
85:10-9-2 Application to establish or relocate a branch
85:10-9-3 Military banking facilities [REVOKED]
85:10-9-4 Consumer banking electronic facility [REVOKED]
85:10-9-5 Loan production office [REVOKED]
85:10-9-6 Branch closing
85:10-9-7 Loan production office/Deposit origination office
85:10-9-8 School banking program/School deposit taking activities

 

 

 

 

 

 

Chapter 10. Subchapter 11.

SUBSTANTIVE GUIDELINES AND RESTRICTIONS

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Section
85:10-11-1 Pledging requirements for banks and trust companies
85:10-11-2 Investment securities
85:10-11-3 Real estate lending
85:10-11-4 Safe deposit boxes
85:10-11-5 Interest on deposits
85:10-11-6 Loans and investments in other banks
85:10-11-7 Adjustable rate mortgage loans, graduated payment adjustable mortgage loans and reserve annuity mortgage loans
85:10-11-8 Interest rate futures transactions
85:10-11-9 Operating subsidiaries
85: 10-11-9.1 Financial subsidiaries
85:10-11-10 Lending limits
85:10-11-11 Bank owned life insurance
85:10-11-12 Letter of credit; contingent liabilities
85:10-11-13 Loan participations
85:10-11-14 Repurchase agreements of banks with security dealers and others
85:10-11-15 Insurance
85:10-11-16 Deposit and safekeeping agreements and fees
85:10-11-17 Unsafe and unsound bank or trust practices
85:10-11-18 Persons qualified to sell title insurance for trust companies
85:10-11-19 Use of confusingly similar names
85:10-11-20 Leasing

 

 

 

 

 

 

Chapter 10. Subchapter 13.

INVESTOR PROTECTION

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Section
85:10-13-1 Prohibition against deceptive advertising
85:10-13-2 Offering circular
85:10-13-3 Advertising
85:10-13-4 Complaint procedure for violations

 

 

 

 

 

 

CHAPTER 15.

MONEY SERVICE BUSINESSES

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Subchapter Section
1 General Provisions and Definitions 85:15-1-1
3 Money Transmission Licenses 85:15-3-1
5 Authorized Delegates 85:15-5-1
7 Examinations; Reports; Records 85:15-7-1
9 Permissible Investments 85:15-9-1
11 Enforcement 85:15-11-1

 

 

 

 

 

 

Chapter 15. Subchapter 1.

GENERAL PROVISIONS AND DEFINITIONS

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Section
85:15-1-1 Scope and purpose
85:15-1-2 Definitions
85:15-2-3 Exclusions

 

 

 

 

 

 

Chapter 15. Subchapter 3.

MONEY TRANSMISSION LICENSES

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Section
85:15-3-1 License Required
85:15-3-2 Application for license
85:15-3-3 Security
85:15-3-4 Issuance of license
85:15-3-5 Renewal of license
85:15-3-6 Net worth

 

 

 

 

 

 

Chapter 15. Subchapter 5.

AUTHORIZED DELEGATES

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Section
85:15-5-1 Relationship between licensee and authorized delegate
85:15-5-2 Unauthorized activities

 

 

 

 

 

 

Chapter 15. Subchapter 7.

EXAMINATIONS; REPORTS; RECORDS

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Section
85:15-7-1 Authority to conduct examinations
85:15-7-2 Cooperation
85:15-7-3 Reports
85:15-7-4 Change of control
85:15-7-5 Records
85:15-7-6 Money laundering reports

 

 

 

 

 

 

Chapter 15. Subchapter 9.

PERMISSIBLE INVESTMENTS

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Section
85:15-9-1 Maintenance of permissible investments
85:15-9-2 Types of permissible investments

 

 

 

 

 

 

Chapter 15. Subchapter 11.

ENFORCEMENT

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Section
85:15-11-1 Suspension and revocation
85:15-11-2 Suspension and revocation of authorized delegates
85:15-11-3 Orders to cease and desist
85:15-11-4 Consent orders
85:15-11-5 Civil penalties
85:15-11-6 Hearings

 

 

 

 

 

 

CHAPTER 20. CEMETERY MERCHANDISE RULES

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Subchapter Section
1 General Provisions 85:20-1-1
3 Departmental Requirements 85:20-3-1

[Authority: 8 O.S., Section 304]

[Source: Codified 12-31-91]

 

 

 

 

 

 

Chapter 20. Subchapter 1.

GENERAL PROVISIONS

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Section
85:20-1-1 Purpose
85:20-1-2 Definitions
85:20-1-3 Procedural rules

 

 

 

 

 

 

Chapter 20. Subchapter 3.

DEPARTMENTAL REQUIREMENTS

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Section
85:20-3-1 Criteria for permit
85:20-3-2 Trust fund and trustee
85:20-3-3 Surety bond
85:20-3-4 Summary method - monthly reports
85:20-3-5 Annual report
85:20-3-6 Wholesale cost

 

 

 

 

 

 

 

CHAPTER 25. SAVINGS AND LOAN ASSOCIATIONS

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Subchapter Section
1 Procedural Rules and Definitions 85:25-1-1
3 Supervision, Regulation and Administration 85:25-3-1

 

 

 

 

 

 

 

Chapter 25. Subchapter 1.

PROCEDURAL RULES AND DEFINITIONS

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Section
85:25-1-1 Purpose
85:25-1-2 Definitions and references to statutes
85:25-1-3 General procedures
85:25-1-4 Record of proceedings
85:25-1-5 Service of pleadings
85:25-1-6 Commencement of proceeding; intervention and consolidation
85:25-1-7 Notice of hearing
85:25-1-8 Continuances
85:25-1-9 Depositions and discovery
85:25-1-10 Examiner testimony
85:25-1-11 Examination report confidentiality
85:25-1-12 Pre-hearing conference
85:25-1-13 Witnesses
85:25-1-14 Hearings
85:25-1-15 Description of Board organization and operations
85:25-1-16 Petition for promulgation, amendment or repeal of a rule
85:25-1-17 Hearing on the removal of an officer, director or employee

[Authority: 18 O.S. §381.5]

[Source: Codified 12-31-91]

 

 

 

 

 

 

 

Chapter 25. Subchapter 3.

SUPERVISION, REGULATION AND ADMINISTRATION

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Part Section
1 Charters, Branches, Agencies, Loan Production Offices, and Service Corporations 85:25-3-1
3 Departmental Requirements for Reports, Requests and Applications 85:25-3-20
5 Substantive Guidelines and Restrictions 85:25-3-40
7 Mergers and Conversions 85:25-3-60

[Authority: 18 O.S. §381.5]

[Source: Codified 12-31-91]

 

 

 

 

 

 

 

Chapter 25. Subchapter 3. Part 1.

CHARTERS, BRANCHES, AGENCIES,

LOAN PRODUCTION OFFICES, AND SERVICE CORPORATIONS

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Section
85:25-3-1 Purpose
85:25-3-2 Definitions
85:25-3-3 Application for new charter
85:25-3-4 Minimum number of members for chartering a mutual association
85:25-3-5 Offering circular use in chartering process
85:25-3-6 Trusteed stock
85:25-3-7 Disclosure of contracts with the proposed association
85:25-3-8 Limitation on de novo association ownership
85:25-3-9 Application for establishing or relocating a branch office or detached facility
85:25-3-10 Branch office operations
85:25-3-11 Branch office closing
85:25-3-12 Loan production offices
85:25-3-13 Agencies

 

 

 

 

 

 

 

Chapter 25. Subchapter 3. Part 3.

DEPARTMENTAL REQUIREMENTS FOR

REPORTS, REQUESTS, AND APPLICATIONS

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Section
85:25-3-20 Report of change of chief executive officer
85:25-3-21 Report of change in controlling interest
85:25-3-22 Forms available
85:25-3-23 Filing of copies of applications, petitions, and requests
85:25-3-24 Approval of amendments to articles of incorporation and by-laws
85:25-3-25 Change in nomenclature
85:25-3-26 Increase in authorized stock/issuance of preferred stock
85:25-3-27 Criminal referral
85:25-3-28 Bond waiver guidelines
85:25-3-29 Deposit and safekeeping fees/dormant property
85:25-3-30 Semiannual report of condition
85:25-3-31 Fees

 

 

 

 

 

 

 

Chapter 25 Subchapter 3. Part 5.

SUBSTANTIVE GUIDELINES AND RESTRICTIONS

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Section
85:25-3-40 Adjustable rate mortgage loans
85:25-3-41 Graduated payment adjustable rate mortgage loans and reverse annuity mortgage loans
85:25-3-42 Investment in a line of credit to homebuilders
85:25-3-43 Participation
85:25-3-44 Lending on stock prohibited
85:25-3-45 Loans on property other than homes
85:25-3-46 Loans to officers, directors and affiliated persons
85:25-3-47 Mobile home financing
85:25-3-48 Loss reserve requirements
85:25-3-49 Variable and extra rate savings accounts
85:25-3-50 Transfer of shares
85:25-3-51 Safe deposit boxes
85:25-3-52 Letter of credit

 

 

 

 

 

 

 

Chapter 25 Subchapter 3. Part 7.

MERGERS AND CONVERSIONS

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Section
85:25-3-60 Mergers
85:25-3-61 Conversion from mutual to stock savings & loan association