7-1-207 - Supervisor of industrial banks -- Responsibilities.
7-1-207. Supervisor of industrial banks -- Responsibilities.
(1) The commissioner shall designate an examiner as supervisor of industrial banks whoshall be sufficiently qualified by training and experience in the business of industrial banks orother financial institutions or as an employee of a state or federal agency supervising financialinstitutions to perform the duties of the office.
(2) (a) The supervisor of industrial banks is responsible, subject to the direction andcontrol of the commissioner, for the general supervision and examination of all industrial bankssubject to the jurisdiction of the department and other institutions as assigned.
(b) The supervisor shall:
(i) assist and advise the commissioner in the execution of the laws of this state relating tothese institutions; and
(ii) perform other duties prescribed in this title or assigned by the commissioner.
Amended by Chapter 92, 2004 General Session