7-1-206 - Supervisor of savings and loan associations -- Responsibilities.
7-1-206. Supervisor of savings and loan associations -- Responsibilities.
(1) The commissioner shall designate an examiner as supervisor of savings and loanassociations who shall be sufficiently qualified by training and experience in the savings and loanbusiness or as an employee of a state or federal savings and loan supervisory agency to performthe duties of the office.
(2) The supervisor of savings and loan associations is responsible, subject to the directionand control of the commissioner, for the general supervision and examination of all savings andloan associations and related institutions subject to the jurisdiction of the department. Thesupervisor shall assist and advise the commissioner in the execution of the laws of this staterelating to these institutions, and shall perform other duties prescribed in this title or assigned bythe commissioner.
Amended by Chapter 200, 1994 General Session