Oklahoma § 18-381.15 - Examination and audit reports from Director of the

§ 18-381.15. Examination and audit reports from Director of the

Office of Thrift Supervision – Assessments and fees – Special

examinations.

A. In the case of any insured association which is examined

periodically by the Director of the Office of Thrift Supervision,

and whose financial records are audited periodically in accordance

with regulations of the Director of the Office of Thrift

Supervision, the State Banking Commissioner may accept such

Oklahoma Statutes - Title 18. Corporations

examination and audit reports, and rely upon accuracy thereof, in

lieu of examinations by the savings and loan administrator. It

shall be the responsibility of each insured association to provide

such reports to the Commissioner within ten (10) days of such time

as such reports are received from the agency, person or firm

preparing them. The Commissioner may require a special examination

of any association to be made at any time when in the judgment of

the Commissioner an examination may be necessary.

B. The Commissioner shall charge and collect assessments from

each association chartered pursuant to this act on each One Thousand

Dollars ($1,000.00) of assets, or major fraction thereof, at a rate

established by the Commissioner. The Commissioner may charge and

collect assessments on an annual basis and may, in addition to any

annual assessment, charge and collect a special assessment from each

association, at rates established by the Commissioner. Assessments

shall be deposited in the Oklahoma State Banking Department

revolving fund pursuant to Section 211.1 of Title 6 of the Oklahoma

Statutes. Effective January 1, 2005, and each year thereafter,

twenty percent (20%) of all assessments collected pursuant to this

subsection shall be deposited to the General Revenue Fund of the

State Treasury. The annual assessments shall be paid to the

Oklahoma State Banking Department no later than the fifth day of

February in each year.

C. The Commissioner shall charge and collect from each

association under the supervision of the Commissioner an annual fee,

in addition to the assessment set forth in subsection B of this

section, of not more than Five Hundred Dollars ($500.00), which

shall be deposited in the Oklahoma State Banking Department

revolving fund as set forth in Section 211.1 of Title 6 of the

Oklahoma Statutes.

D. Whenever it is deemed advisable by the Commissioner, a

special examination of an association may be conducted. The expense

of the Department necessarily incurred in the special examination

shall be chargeable to the association at a rate not in excess of

Fifty Dollars ($50.00) per examiner per hour plus travel expenses as

provided by Section 201.1 of Title 6 of the Oklahoma Statutes for

each examining person while engaged at such association.

E. Each foreign association doing business in this state under

a certificate of authority shall furnish to the Commissioner, with

each annual examination report, a statement showing the total amount

of Oklahoma real estate loans and other loans made to Oklahoma

residents. The annual supervisory fee of every such foreign

association shall be computed and paid on the aggregate amount of

such loans at the rate of twelve cents ($0.12) per One Thousand

Dollars ($1,000.00) of such loans.

F. Except as otherwise provided by law, all fees set by the

Commissioner or otherwise provided for in rules promulgated by the

Oklahoma Statutes - Title 18. Corporations

Commissioner shall be deposited in the Department revolving fund

pursuant to Section 211.1 of Title 6 of the Oklahoma Statutes.

Added by Laws 1970, c. 101, § 15, eff. June 1, 1970. Amended by

Laws 1975, c. 236, § 2, emerg. eff. May 30, 1975; Laws 1979, c. 173,

§ 11; Laws 1988, c. 65, § 8, emerg. eff. March 25, 1988; Laws 1990,

c. 118, § 2, emerg. eff. April 23, 1990; Laws 1993, c. 183, § 37,

eff. July 1, 1993; Laws 2000, c. 81, § 11, eff. Nov. 1, 2000; Laws

2003, c. 356, § 8, emerg. eff. June 3, 2003.