State Affairs and Government

Department of Business Regulation

SECTION 42-14-6.1

§ 42-14-6.1. Application for or acceptance of loan by bank examiner.

Every examiner or assistant examiner authorized by law to report the condition of a financial institution incorporated under the laws of this state – including, but not limited to, banks, savings banks, bank associations, trust companies, loan and investment companies, savings and loan companies, building loan associations, credit unions, deposit insurance companies, and any other depository required by law to file reports with the director of business regulation – who applies for or accepts or is granted a loan of any kind, whether in his or her name or in the name of a member of his or her immediate family, or in the name of a business or partnership in which he or she has a substantial interest, from any financial institution examined by him or her at any time, shall be required to report the same in writing to the director of business regulation within five (5) business days. A violation of this section may be a ground for disqualification or suspension of license.

History of Section.
(P.L. 1991, ch. 137, § 1; P.L. 1991, ch. 317, § 1.)