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North Carolina Administrative Code (Last Updated: November 13, 2014) |
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TITLE 04. COMMERCE |
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CHAPTER 16. SAVINGS INSTITUTIONS DIVISION, SAVINGS INSTITUTIONS COMMISSION |
| SUBCHAPTER A. GENERAL PROVISIONS |
| 04 NCAC 16A .0101. SAVINGS INSTITUTIONS DIVISION |
| 04 NCAC 16A .0102. RULE‑MAKING AND ADMINISTRATIVE HEARING PROCEDURES [REPEALED] |
| 04 NCAC 16A .0103. DEFINITIONS |
| 04 NCAC 16A .0104. SUPERVISORY FEE |
| 04 NCAC 16A .0105. RESTRICTIONS: PAYMENT OF DIVIDENDS AND REPURCHASE OF STOCK |
| 04 NCAC 16A .0201. PETITION FOR ADOPTION: AMENDMENT OR REPEAL OF RULES |
| 04 NCAC 16A .0202. NOTICE OF RULE-MAKING HEARINGS |
| 04 NCAC 16A .0203. RULE‑MAKING HEARINGS: GENERAL INFORMATION |
| 04 NCAC 16A .0301. PETITION FOR DECLARATORY RULING |
| 04 NCAC 16A .0302. RESPONSE OF COMMISSIONER OF BANKS TO PETITION |
| 04 NCAC 16A .0401. RIGHT TO HEARING |
| 04 NCAC 16A .0402. INFORMAL SETTLEMENT |
| 04 NCAC 16A .0403. REQUEST FOR HEARING |
| 04 NCAC 16A .0404. NOTICE OF HEARING |
| 04 NCAC 16A .0405. INTERVENTION IN AN ADMINISTRATIVE HEARING |
| 04 NCAC 16A .0406. DEPOSITIONS |
| 04 NCAC 16A .0407. SUBPOENAS |
| 04 NCAC 16A .0408. SERVICE OF SUBPOENAS |
| 04 NCAC 16A .0409. OBJECTION TO A SUBPOENA |
| SUBCHAPTER B. SAVINGS INSTITUTIONS COMMISSION |
| 04 NCAC 16B .0101-.0103. REPEALED |
| SUBCHAPTER C. APPLICATIONS |
| 04 NCAC 16C .0101. FORMS |
| 04 NCAC 16C .0102. CHARTER APPLICATION RESTRICTIONS |
| 04 NCAC 16C .0103. CORPORATE NAME |
| 04 NCAC 16C .0104. INTERIM SAVINGS INSTITUTIONS |
| 04 NCAC 16C .0105. CONVERSION TO SAVINGS BANK |
| 04 NCAC 16C .0201. FORM |
| 04 NCAC 16C .0202. BRANCH OFFICE APPLICATION RESTRICTIONS |
| 04 NCAC 16C .0203. FORFEITURE OF BRANCH OFFICE FINAL APPROVAL |
| 04 NCAC 16C .0301-0302. REPEALED |
| 04 NCAC 16C .0303. LOCATION CHANGE [REPEALED] |
| 04 NCAC 16C .0304. TEMPORARY CLOSING OF OFFICE |
| 04 NCAC 16C .0305. PURCHASE OF BRANCH |
| 04 NCAC 16C .0401. DEFINITIONS |
| 04 NCAC 16C .0402. APPLICATION: GUIDELINES FOR APPROVAL BY ADMINISTRATOR |
| 04 NCAC 16C .0403. GENERAL POLICIES |
| 04 NCAC 16C .0404. UNMANNED REMOTE SERVICE UNIT ACCESS TECHNIQUES |
| 04 NCAC 16C .0405. PRIVACY OF ACCOUNT DATA |
| 04 NCAC 16C .0501. FORM |
| 04 NCAC 16C .0502. ACQUISITION RESTRICTIONS |
| 04 NCAC 16C .0503. FEES |
| SUBCHAPTER D. OPERATION OF SAVINGS ASSOCIATIONS |
| 04 NCAC 16D .0101. COMPOSITION OF BOARD OF DIRECTORS |
| 04 NCAC 16D .0102. PROHIBITED TRANSACTIONS [REPEALED] |
| 04 NCAC 16D .0103. BYLAWS |
| 04 NCAC 16D .0104. INSIDER LOAN LIMITATIONS [REPEALED] |
| 04 NCAC 16D .0105. AMENDMENT OF CONVERTED ASSOCIATION'S CHARTER [REPEALED] |
| 04 NCAC 16D .0201. VOTING BY PROXY |
| 04 NCAC 16D .0202. FORM OF PROXY |
| 04 NCAC 16D .0203. HOLDERS OF PROXIES |
| 04 NCAC 16D .0204. PROXY SOLICITATION |
| 04 NCAC 16D .0301. GENERAL POLICIES |
| 04 NCAC 16D .0302. RETENTION: REPRODUCTION AND DISPOSITION OF RECORDS |
| 04 NCAC 16D .0401. SERVICING LOANS |
| 04 NCAC 16D .0402. APPRAISALS |
| 04 NCAC 16D .0403. RECORDS WITH RESPECT TO LOANS |
| 04 NCAC 16D .0404. ALTERNATIVE MORTGAGE INSTRUMENTS [REPEALED] |
| 04 NCAC 16D .0405. UNSECURED LOANS LIMIT |
| 04 NCAC 16D .0406. ACCOUNTING FOR GAINS AND LOSSES [REPEALED] |
| 04 NCAC 16D .0407. LOANS TO ONE BORROWER |
| 04 NCAC 16D .0408. ACCOUNTING FOR UNCOLLECTIBLE INCOME [REPEALED] |
| 04 NCAC 16D .0501. SIGNATURE CARDS |
| 04 NCAC 16D .0502. HOLDING OF CERTIFICATE OR PASSBOOK |
| 04 NCAC 16D .0503. NONNEGOTIABLE ORDERS OF WITHDRAWAL [REPEALED] |
| 04 NCAC 16D .0504. NEGOTIABLE ORDER OF WITHDRAWAL ACCOUNTS |
| 04 NCAC 16D .0505. NON‑INTEREST‑BEARING NEGOTIABLE ORDER OF WITHDRAWAL ACCTS. [REPEALED] |
| 04 NCAC 16D .0506. CREDIT CARDS [REPEALED] |
| 04 NCAC 16D .0601-0602. REPEALED |
| 04 NCAC 16D .0701. GENERAL RESERVE REQUIREMENTS [REPEALED] |
| 04 NCAC 16D .0702. REQUIREMENTS FOR NEWLY‑CHARTERED STOCK ASSOCIATIONS [REPEALED] |
| 04 NCAC 16D .0703. APPRAISED EQUITY CAPITAL [REPEALED] |
| 04 NCAC 16D .0800. |
| 04 NCAC 16D .0901. SECURITIES |
| 04 NCAC 16D .0902. STOCK IN OTHER DEPOSITORY INSTITUTIONS |
| 04 NCAC 16D .1000. |
| SUBCHAPTER E. OPERATION OF SAVINGS BANKS |
| 04 NCAC 16E .0101-0102. REPEALED |
| 04 NCAC 16E .0103. COMPOSITION OF BOARD OF DIRECTORS |
| 04 NCAC 16E .0104. BYLAWS |
| 04 NCAC 16E .0105. AMENDMENT OF CONVERTED SAVINGS BANK'S CHARTER [REPEALED] |
| 04 NCAC 16E .0201. VOTING BY PROXY |
| 04 NCAC 16E .0202. FORM OF PROXY |
| 04 NCAC 16E .0203. HOLDERS OF PROXIES |
| 04 NCAC 16E .0204. PROXY SOLICITATION |
| 04 NCAC 16E .0301. GENERAL POLICIES |
| 04 NCAC 16E .0302. RETENTION, REPRODUCTION AND DISPOSITION OF RECORDS |
| 04 NCAC 16E .0303. REQUIRED POLICIES |
| 04 NCAC 16E .0401. SERVICING LOANS |
| 04 NCAC 16E .0402. APPRAISALS |
| 04 NCAC 16E .0403. RECORDS WITH RESPECT TO LOANS |
| 04 NCAC 16E .0404. UNSECURED LOANS LIMIT |
| 04 NCAC 16E .0405. LOANS TO ONE BORROWER |
| 04 NCAC 16E .0501. SIGNATURE CARDS |
| 04 NCAC 16E .0502. HOLDING OF CERTIFICATE OR PASSBOOK |
| 04 NCAC 16E .0601. LIQUIDITY |
| 04 NCAC 16E .0602. NET WORTH |
| 04 NCAC 16E .0701. SECURITIES |
| 04 NCAC 16E .0702. STOCK IN OTHER DEPOSITORY INSTITUTIONS |
| SUBCHAPTER F. SERVICE CORPORATIONS AND FINANCE SUBSIDIARIES |
| 04 NCAC 16F .0101. PERMITTED ACTIVITIES |
| 04 NCAC 16F .0102. INVESTMENT LIMITATION |
| 04 NCAC 16F .0103. DEBT LIMITATION FOR WHOLLY‑OWNED SERVICE CORPORATIONS |
| 04 NCAC 16F .0104. STOCK IN A SERVICE CORPORATION [REPEALED] |
| 04 NCAC 16F .0105. AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS |
| 04 NCAC 16F .0106. ESTABLISHMENT OF FINANCE SUBSIDIARIES |
| 04 NCAC 16F .0107. BOARD ACTION REQUIRED |
| 04 NCAC 16F .0108. FINANCE SUBSIDIARY TRANSACTIONS WITH PARENT |
| 04 NCAC 16F .0109. ISSUANCE OF SECURITIES BY FINANCE SUBSIDIARIES |
| 04 NCAC 16F .0110. TRANSFER OF PROCEEDS |
| 04 NCAC 16F .0111. HOLDING COMPANY SUBSIDIARIES AND FINANCE SUBSIDIARIES |
| 04 NCAC 16F .0112. NOTIFICATION TO THE COMMISSIONER OF BANKS |
| 04 NCAC 16F .0113. EXAMINATION OF FINANCE SUBSIDIARIES |
| SUBCHAPTER G. MUTUAL TO STOCK CONVERSIONS |
| 04 NCAC 16G .0101-0102. REPEALED |
| 04 NCAC 16G .0103. DEFINITIONS |
| 04 NCAC 16G .0104. GENERAL REQUIREMENTS |
| 04 NCAC 16G .0105. APPLICATION FOR CONVERSION |
| 04 NCAC 16G .0106. CONFIDENTIAL INFORMATION |
| 04 NCAC 16G .0201-0202. REPEALED |
| 04 NCAC 16G .0301-0307. REPEALED |
| 04 NCAC 16G .0308. ACQUISITION OF CONVERTED ASSOCIATION [REPEALED] |
| 04 NCAC 16G .0309. MERGER OF CONVERTED ASSOCIATIONS [REPEALED] |
| 04 NCAC 16G .0310. ACQUISITION/SECURITIES: CONVERTING/CONVERTED ASSOCIATION [REPEALED] |
| 04 NCAC 16G .0311. REQUIRED PROVISIONS IN PLAN OF CONVERSION |
| 04 NCAC 16G .0312. OPTIONAL PROVISION IN PLAN OF CONVERSION |
| 04 NCAC 16G .0313. RECORD DATES FOR QUALIFYING DEPOSITS |
| 04 NCAC 16G .0314. LIQUIDATION ACCOUNT |
| 04 NCAC 16G .0315. MANIPULATIVE AND DECEPTIVE DEVICES |
| 04 NCAC 16G .0316. MERGER OF CONVERTED SAVINGS BANKS |
| 04 NCAC 16G .0401-0403. REPEALED |
| 04 NCAC 16G .0404. INFORMATION PRIOR TO APPROVAL OF PLAN OF CONVERSION |
| 04 NCAC 16G .0405. NOTICE OF FILING |
| 04 NCAC 16G .0501-0508. REPEALED |
| 04 NCAC 16G .0509. SOLICITATIONS TO WHICH RULES APPLY |
| 04 NCAC 16G .0510. USE OF PROXY SOLICITING MATERIAL TO BE AUTHORIZED |
| 04 NCAC 16G .0511. INFORMATION TO BE FURNISHED MEMBERS |
| 04 NCAC 16G .0512. REQUIREMENTS AS TO PROXY |
| 04 NCAC 16G .0513. MATERIAL REQUIRED TO BE FILED |
| 04 NCAC 16G .0514. MAILING COMMUNICATIONS FOR MEMBERS |
| 04 NCAC 16G .0515. FALSE OR MISLEADING STATEMENTS |
| 04 NCAC 16G .0516. PROHIBITION OF CERTAIN SOLICITATIONS |
| 04 NCAC 16G .0601-0604. REPEALED |
| 04 NCAC 16G .0605. NOTICE TO ELIGIBLE AND SUPPLEMENTAL ACCOUNT HOLDERS [REPEALED] |
| 04 NCAC 16G .0606. VOTE AT MEMBERS MEETING |
| 04 NCAC 16G .0607. NOTICE TO MEMBERS |
| 04 NCAC 16G .0608. ELECTIVE NOTICE TO NON‑VOTING ACCOUNT HOLDERS |
| 04 NCAC 16G .0701-0709. REPEALED |
| 04 NCAC 16G .0710-0711. REPEALED |
| 04 NCAC 16G .0712. GENERAL |
| 04 NCAC 16G .0713. DISTRIBUTION OF OFFERING MATERIALS |
| 04 NCAC 16G .0714. ESTIMATED PRICE INFORMATION: PROXY STATEMENTS |
| 04 NCAC 16G .0715. PROHIBITED REPRESENTATIONS |
| 04 NCAC 16G .0716. UNDERWRITING EXPENSES |
| 04 NCAC 16G .0717. PRICING MATERIALS |
| 04 NCAC 16G .0718. ORDER FORMS FOR PURCHASE OF CAPITAL STOCK |
| 04 NCAC 16G .0719. WITHDRAWAL FROM CERTIFICATE ACCOUNTS |
| 04 NCAC 16G .0720. PERIOD FOR COMPLETION OF SALE |
| 04 NCAC 16G .0721. INTEREST: SUBSCRIPTION/COMMUNITY PURCHASE ORDERS [REPEALED] |
| 04 NCAC 16G .0722. EXTENSIONS OF TIME TO COMPLETE OFFERINGS |
| 04 NCAC 16G .0801-0821. REPEALED |
| 04 NCAC 16G .0822. IMPROPERLY EXECUTED OR MATERIALLY INCOMPLETE FILINGS |
| 04 NCAC 16G .0823. ADDITIONAL FILING REQUIREMENTS |
| 04 NCAC 16G .0824. APPLICATION SIGNATURES |
| 04 NCAC 16G .0825. REQUIREMENTS AS TO PAPER AND PRINTING |
| 04 NCAC 16G .0826. METHOD OF PREPARATION |
| 04 NCAC 16G .0827. INFORMATION UNKNOWN OR NOT REASONABLY AVAILABLE |
| 04 NCAC 16G .0828. INCORPORATION OF CERTAIN INFORMATION BY REFERENCE |
| 04 NCAC 16G .0829. PRESENTATION OF INFORMATION |
| 04 NCAC 16G .0830. CONSENTS OF EXPERTS |
| 04 NCAC 16G .0831. CONSENTS OF PERSONS ABOUT TO BECOME DIRECTORS |
| 04 NCAC 16G .0832. AMENDMENTS |
| 04 NCAC 16G .0833. POST‑CONVERSION REPORTS |
| 04 NCAC 16G .0901-0905. REPEALED |
| 04 NCAC 16G .0906-0907. REPEALED |
| 04 NCAC 16G .0908. DEFINITIONS |
| 04 NCAC 16G .0909. PROHIBITED TRANSFERS |
| 04 NCAC 16G .0910. PROHIBITION OF OFFERS AND CERTAIN ACQUISITIONS |
| 04 NCAC 16G .0911. EXCEPTIONS |
| 04 NCAC 16G .0912. CRITERIA FOR DENIAL |
| 04 NCAC 16G .1001-1004. REPEALED |
| 04 NCAC 16G .1101-1108. REPEALED |
| 04 NCAC 16G .1201-1202. REPEALED |
| 04 NCAC 16G .1203. CONVERSION IN CONNECTION WITH ACQUISITION |
| 04 NCAC 16G .1204. CONVERSION IN CONNECTION WITH MERGER |
| SUBCHAPTER H. SUPERVISORY ACTIONS |
| 04 NCAC 16H .0101. DEFINITIONS |
| 04 NCAC 16H .0102. GROUNDS [REPEALED] |
| 04 NCAC 16H .0103. NOTICE TO SAVINGS INSTITUTION |
| 04 NCAC 16H .0104. ADOPTION OF PLAN |
| 04 NCAC 16H .0105. APPROVAL BY ADMINISTRATOR |
| 04 NCAC 16H .0106. SHORT FORM MUTUAL TO STOCK CONVERSION |
| 04 NCAC 16H .0107. LIQUIDATION ACCOUNT |
| 04 NCAC 16H .0108. WAIVER |
| SUBCHAPTER I. ACQUISITION OF CONTROL |
| 04 NCAC 16I .0101-0102. REPEALED |
| 04 NCAC 16I .0201-0207. REPEALED |
| 04 NCAC 16I .0301-0303. REPEALED |
| 04 NCAC 16I .0401-0402. REPEALED |
| 04 NCAC 16I .0501-0507. REPEALED |
| 04 NCAC 16I .0601-0602. REPEALED |
| 04 NCAC 16I .0701. GENERAL [REPEALED] |
| 04 NCAC 16I .0702. DEFINITIONS AND OTHER TERMS |
| 04 NCAC 16I .0703. STANDARDS FOR APPROVAL OF ACQUISITION: DUTIES AND CONDUCT |
| 04 NCAC 16I .0704. INVESTMENT ACTIVITIES OF HOLDING COMPANIES |
| 04 NCAC 16I .0801. PRIOR WRITTEN APPROVAL REQUIRED FOR ACQUISITIONS |
| 04 NCAC 16I .0802. APPLICATION FEES: FILINGS |
| 04 NCAC 16I .0803. CONFIDENTIAL INFORMATION |
| 04 NCAC 16I .0901. REQUIRED ACQUISITION APPLICATION |
| 04 NCAC 16I .0902. ACQUISITION PROCEDURE |
| 04 NCAC 16I .0903-0904. REPEALED |
| 04 NCAC 16I .1001. REQUIRED ACQUISITION APPLICATIONS |
| 04 NCAC 16I .1002. FOREIGN APPLICANTS |
| 04 NCAC 16I .1003. ACQUISITION PROCEDURE |
| 04 NCAC 16I .1101. REGISTRATION |
| 04 NCAC 16I .1102. SUPERVISION |
| 04 NCAC 16I .1103. ANNUAL REPORTS |
| 04 NCAC 16I .1104. FILING AND APPROVAL: AMENDMENTS TO ARTICLES AND BYLAWS |
| 04 NCAC 16I .1105. REPORTS |
| 04 NCAC 16I .1106. BOOKS AND RECORDS |
| 04 NCAC 16I .1201. REQUIRED ACQUISITION APPLICATION |
| 04 NCAC 16I .1202. CONVERSION PROCEDURE |
| 04 NCAC 16I .1203. PLAN OF CONVERSION REQUIREMENTS |
| 04 NCAC 16I .1301. REQUIRED ACQUISITION APPLICATION |
| 04 NCAC 16I .1302. ACQUISITION PROCEDURE |
| SUBCHAPTER J. MERGER OF STATE AND FEDERAL ASSOCIATIONS |
| 04 NCAC 16J .0101. MERGER OF A STATE INSTITUTION INTO A FEDERAL INSTITUTION |
| 04 NCAC 16J .0102. MERGER OF A FEDERAL INSTITUTION INTO A STATE INSTITUTION |
| 04 NCAC 16J .0103. WAIVER |
| SUBCHAPTER K. TRUST POWERS |
| 04 NCAC 16K .0101. DEFINITIONS |
| 04 NCAC 16K .0102. APPLICATIONS |
| 04 NCAC 16K .0103. CONSOLIDATION OR MERGER OF TWO OR MORE SAVINGS INSTITUTIONS |
| 04 NCAC 16K .0104. ADMINISTRATION OF TRUST POWERS |
| 04 NCAC 16K .0105. BOOKS AND ACCOUNTS |
| 04 NCAC 16K .0106. AUDIT OF TRUST DEPARTMENT |
| 04 NCAC 16K .0107. FUNDS AWAITING INVESTMENT OR DISTRIBUTION |
| 04 NCAC 16K .0108. INVESTMENT OF FUNDS HELD AS FIDUCIARY |
| 04 NCAC 16K .0109. SELF‑DEALING |
| 04 NCAC 16K .0110. CUSTODY OF INVESTMENTS |
| 04 NCAC 16K .0111. COMPENSATION OF SAVINGS INSTITUTION |
| 04 NCAC 16K .0112. COLLECTIVE INVESTMENT |
| 04 NCAC 16K .0113. SURRENDER OF TRUST POWERS |
| 04 NCAC 16K .0114. EFF. OF APPT.: CONSERVATOR/RECEIVER: VOLUNTARY DISSOLUTION |
| 04 NCAC 16K .0115. REVOCATION OF TRUST POWERS |
| 04 NCAC 16K .0116. APPLICABILITY OF GENERAL LAWS REGARDING TRUST OPERATIONS |
| 04 NCAC 16K .0117. REPORTS AND FEES |
| SUBCHAPTER L. VOLUNTARY DISSOLUTION |
| 04 NCAC 16L .0101. PLAN OF LIQUIDATION |
| 04 NCAC 16L .0102. DISPOSITION OF ASSETS |
| 04 NCAC 16L .0103. REVOCATION AND CANCELLATION OF DISSOLUTION |
| 04 NCAC 16L .0104. WAIVER |