HARRY HUGHES, Governor

1053

(15)  RETENTION PERIODS OF VARIOUS FINANCIAL RECORDS
OF SAVINGS AND LOAN ASSOCIATIONS;

(16)  INTERNAL CONTROL PROCEDURES OF SAVINGS AND LOAN
ASSOCIATIONS;

(17)  CHARTERING AND BRANCHING;

(18)  LIQUIDATIONS;

(19)  MERGERS;

(20)  CONVERSIONS;

(21)  REPORTS WHICH MAY BE REQUIRED BY THE DIRECTOR;

(22)  CONFLICTS OF INTEREST;

(23)  ACCOUNTING RULES;

(24)  ISSUANCE OF ORDERS;

(25)  REMOVAL OF DIRECTORS, OFFICERS, AND EMPLOYEES;

(26)  APPRAISALS AND APPRAISERS;

(27)  ADVERTISING; AND

(28)  ENFORCEMENT REMEDIES RELATING TO LIMITATIONS ON
INTEREST RATES ON DEPOSITS.

(C) FURTHER SCOPE OF REGULATIONS.

THE REGULATIONS ADOPTED BY THE DIVISION DIRECTOR MAY INCLUDE
REASONABLE REQUIREMENTS AND LIMITATIONS ON THE TYPES AND AMOUNTS
OF INVESTMENTS, THE MANNER OF RAISING CAPITAL, AND THE NATURE AND
AMOUNTS OF RESERVES, IRRESPECTIVE OF THEIR EFFECTS ON FREE
ECONOMIC COMPETITION.

(D) REPORTS OF VIOLATIONS.

IF THE DIVISION DIRECTOR BELIEVES THAT A SAVINGS AND LOAN
ASSOCIATION OR ANY OF ITS CONTROLLING PERSONS. DIRECTORS.
OFFICERS. AGENTS. OR EMPLOYEES HAS VIOLATED ANY PROVISION OF THIS
TITLE OR TITLE 9 THAT RELATES TO THE ASSOCIATION, THE DIVISION
DIRECTOR IMMEDIATELY SHALL REPORT THE VIOLATION TO:

(1) THE SECRETARY OF LICENSING AND REGULATION;

(2) THE GOVERNOR; AND

(3) THE ATTORNEY GENERAL. WHO SHALL TAKE THE
APPROPRIATE STEPS TO INSTITUTE AN INVESTIGATION OR OTHER
APPROPRIATE ACTION FOR THE VIOLATION.