S.D. Admin. R. 20:07:23:05

Current through Register Vol. 50, page 162, June 24, 2024

Section 20:07:23:05 - Notice required to discontinue mobile branch banks

At least 30 days before terminating an existing mobile branch bank, the bank shall submit a letter of notice to the director that includes the following:

(1) Statement of the area which will no longer be served;

(2) Statement of the impact of the discontinuance of the mobile branch bank within the area previously served; and

(3) Statement of reasons for the termination of the mobile branch bank.

Any change in the locations to which a mobile vehicle travels is not the termination of an existing mobile branch bank for purposes of this section.

S.D. Admin. R. 20:07:23:05

32 SDR 38, effective 9/6/2005; 34 SDR 322, effective 6/30/2008.

General Authority: SDCL 51A-2-14(3)(4).

Law Implemented: SDCL 51A-1-2(19), 51A-2-14(3)(4).