§30705. Commissioner's coordination of enforcement and corrective action with home

Link to law: http://legislature.vermont.gov/statutes/section/08/220/30705
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

220

:
SUPERVISION AND REGULATION






Subchapter

007
:
ENFORCEMENT










 

§

30705. Commissioner's coordination of enforcement and corrective action with

home state

The Commissioner

shall promptly give notice to the home state supervisory agency of each

enforcement or corrective action proposed to be undertaken against a state

credit union and, to the extent practicable, shall consult and cooperate with

the home state regulator in pursuing and resolving such enforcement action.

(Added 2005, No. 16, § 1, eff. July 1, 2005.)
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