AI-assisted research summary: The commissioner has power to regulate savings banks, enforce state laws applying to them, require recordkeeping rules, and set related fee structures.
PART IX. AUTHORITY OF COMMISSIONER §1301. Powers of commissioner The commissioner shall have the following powers and duties: (1) To exercise the rights, powers, and duties set forth in this Chapter or in any related provision of this Title. (2) To establish such regulations as may be necessary and appropriate to perform his duties under this Title as well as any power necessary and appropriate to prevent or terminate any condition which he may reasonably deem to create an emergency relative to a particular savings bank. (3) To cause suit to be filed in his name to enforce any law of this state that applies to savings banks, their service corporations, subsidiaries, affiliates, or holding companies operating under this Chapter, including the enforcement of any obligation of the officers, directors, agents, or employees of any savings bank. (4) To prescribe a uniform manner in which the books and records of every savings bank are to be maintained. (5) To establish a reasonable and rationally based fee structure for savings banks and holding companies operating under this Chapter, and for their service corporations and subsidiaries, which fees shall include but not be limited to annual assessment fees, application fees, regular and special examination fees, and other such fees as the commissioner establishes to be directly resultant from the commissioner's responsibilities under this Chapter. Acts 1990, No. 816, §1, eff. Sept. 1, 1990.