Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 85. State Banking Department |
Chapter 25. Savings and Loan Associations |
Subchapter 3. Supervision, Regulation and Administration |
Part 3. DEPARTMENTAL REQUIREMENTS FOR REPORTS, REQUESTS AND APPLICATIONS |
SECTION 85:25-3-28. Bond waiver guidelines
Latest version.
- An association seeking a waiver of the bond requirement pursuant to Section 381.34 of the Code must furnish to the Commissioner a letter setting out in detail the reason for the request along with adequate documentation for the Commissioner to make a determination that bonding is either unavailable, economically infeasible, or an imprudent business decision.