reglab/housing_qa huggingface dataset:
AL Code § 5-2A-11 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-11 - Superintendent - Losses; Bank to Correct Impairment of Capital.

Section 5-2A-11Superintendent - Losses; bank to correct impairment of capital. Whenever losses are sustained by a bank, such losses shall be charged on the books of the bank as losses so that the books of the bank will show the true condition of the bank. When, by reason of losses or otherwise, the capital of a bank is impaired, and when the bank has been notified by the superintendent, under Section 5-2A-10, the bank must make good its impairment of capital in a manner approved by the superintendent. (Acts 1980, No. 80-658, §5-2-13.)
AL Code § 5-2A-13 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-13 - Superintendent - Annual Report to Governor; Publication and Distribution, Etc.

Section 5-2A-13Superintendent - Annual report to Governor; publication and distribution, etc. The superintendent shall make from the reports of the department during the year an annual report to the Governor on the activities of the banking department and such other information as the Governor may request and shall keep on file as a public record in the superintendent's office a copy thereof. The board may print for public distribution such annual report and such other material as it deems suitable for the more effective administration of departmental business. (Acts 1980, No. 80-658, §5-2-15.)
AL Code § 5-2A-14 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-14 - Superintendent - Reports of Criminal Violations to Grand Juries.

Section 5-2A-14Superintendent - Reports of criminal violations to grand juries. The superintendent may submit to any grand jury any criminal violations of the banking laws known to him or her to have occurred pursuant to applicable law regarding criminal venue and may make himself or herself or his or her staff available to testify in criminal cases if subpoenaed. (Acts 1980, No. 80-658, §5-2-16; Act 2007-224, p. 284, §1.)
AL Code § 5-2A-15 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-15 - Appointment, etc., of Assistants and Employees Generally; Bond of Deputy Superintendent.

Section 5-2A-15Appointment, etc., of assistants and employees generally; bond of deputy superintendent. (a) Subject to the provisions of Section 36-26-1, et seq., the superintendent may appoint or employ one or more deputy superintendents and such assistants, employees and attorneys as may be necessary to the efficient operation of the department. He shall fix their compensation in accordance with Section 36-26-1, et seq. and the pay plan of the State Personnel Department. All such assistants, employees and attorneys shall be subject to the provisions of the merit system. The superintendent shall, with the approval of the Governor, have authority to employ and discharge special counsel as he may deem necessary. (b) The Deputy Superintendent of Banks shall in the absence of the superintendent exercise any of the powers conferred by law on the superintendent and shall before entering upon the duties of his office execute to the State of Alabama a bond in the amount of $25,000.00 for the faithful performance of his duties. (Acts 1980, No. 80-658, §5-2-18.)
AL Code § 5-2A-16 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-16 - Limitation of Liability of Superintendent, Members of Banking Board, or Employees.

Section 5-2A-16Limitation of liability of superintendent, members of Banking Board, or employees. Neither the superintendent, any member of the Banking Board nor any employee of the Banking Department shall be personally liable for any acts done in good faith while in the performance of his duties as provided by law. (Acts 1980, No. 80-658, §5-2-19.)
AL Code § 5-2A-17 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-17 - Bank Examiners - Oath; Duties Generally.

Section 5-2A-17Bank examiners - Oath; duties generally. Every examiner shall, before entering upon the discharge of his duties, take and file with the superintendent an oath faithfully to discharge his duties as examiner. Each examiner shall act under the direction of the superintendent and shall examine fully into the books, papers and affairs of each bank which he may be directed by the superintendent to examine. (Acts 1980, No. 80-658, §5-2-20.)
AL Code § 5-2A-18 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-18 - Bank Examiners - Commission.

Section 5-2A-18Bank examiners - Commission. The superintendent shall furnish to each examiner a commission under the signature of the superintendent and official seal of the State Banking Department, which commission the examiner shall exhibit to the bank, and to any officer or officers proposed to be examined as his authority for making the examination. (Acts 1980, No. 80-658, §5-2-21.)
AL Code § 5-2A-19 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-19 - Bond of Examiners and Office Assistants.

Section 5-2A-19Bond of examiners and office assistants. Before entering upon the duties of their respective offices, all examiners and office assistants shall execute to the State of Alabama a bond to be fixed and approved by the superintendent, for the faithful performance of their duties. (Acts 1980, No. 80-658, §5-2-22.)
AL Code § 5-2A-20 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-20 - Assessment of Banks - When Payable; Amount; Disposition of Revenue.

Section 5-2A-20Assessment of banks - When payable; amount; disposition of revenue. Each bank shall on the call of the superintendent pay to the State Banking Department an assessment fee based on the total resources of the bank as may be shown by its last report to the State Banking Department. The rate of such assessment shall be in an amount fixed by the superintendent and approved by the Banking Board and the assessment may be made more frequently than annually. All assessments and other fees or penalties collected pursuant to this title by the State Banking Department shall be paid into a special fund to be set up by the State Treasurer. The special fund shall be used to pay the salaries of the officials and employees and the expenses of the State Banking Department, including the purchase of equipment, vehicles, and supplies necessary for the examination and supervision of banks, and all moneys deposited therein are hereby appropriated for that purpose. The expenses of all examiners of the State Banking Department shall be paid according to regulations promulgated by the superintendent, and the State Banking Department and its several bureaus and divisions are hereby exempt from the provisions of Sections 36-7-20 and 36-7-22. It is provided, however, that nothing in this section shall be construed to mean that all salaries of the officials and employees and expenses of operating and equipping the State Banking Department shall come from the special fund. No other assessment or license of any kind shall be levied against or collected from any bank or banking institution, except the ordinary taxes assessed against property in general, and except as may be specifically provided for in this code. (Acts 1980, No. 80-658, §5-2-3; Act 2007-224, p. 284, §1.)
AL Code § 5-2A-21 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-21 - Assessment of Banks - Fees for Failure to Pay Assessment; Proceedings for Collection of Assessment.

Section 5-2A-21Assessment of banks - Fees for failure to pay assessment; proceedings for collection of assessment. Each bank failing to make payments of assessments on call made by the superintendent within 30 days after receiving notice from the superintendent of the amount of the assessment, shall pay to the state $100.00 for each day after such 30-day period. Such sum, together with the amount due from the bank, may be collected by civil action from the bank in the name of the state against the bank, and the Attorney General shall represent the superintendent in proper proceedings to enforce the collection of the assessment, together with the amount provided in this section. (Acts 1980, No. 80-658, §5-2-4.)
AL Code § 5-2A-22 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-22 - Independent Audits; Minimum Standards; Advisory Committee; Report in Lieu of Audit.

Section 5-2A-22Independent audits; minimum standards; advisory committee; report in lieu of audit. The board of directors of each state bank shall at least once in each calendar year have an audit made of its books and affairs, including any accounts held in a fiduciary capacity, by independent auditors approved by the superintendent. These may be separate audits. "Independent auditors" shall include the audit staff of a correspondent bank or the audit staff of a bank holding company, or auditors or accountants who are not employees of the bank. The superintendent shall by regulation establish minimum standards for audits and reports, which shall include such matters as he shall require. To assist in promulgating minimum standards for audits and reports, the superintendent shall appoint an advisory committee of no less than six members. Membership of the committee shall consist of auditors, as qualified in Chapters 1A through 12A of this title, who regularly perform audits in banks chartered under the laws of Alabama. A majority of the committee shall be comprised of individuals who are certified internal auditors, chartered bank auditors, or certified public accountants. The committee shall meet at the call of the superintendent. The advice of this committee shall not be binding on the superintendent and the members shall serve without compensation. A report of the audit shall be signed by the person making it, and such signed copy shall be submitted to the board of directors and retained in the bank. If any bank has a system of internal audit approved by the Superintendent of Banks, no such independent audit shall be required, and in lieu thereof the auditor or comptroller of the bank shall submit to its board of directors an annual summary of the same matters, which shall be retained in the bank. Such report shall also set forth the degree of compliance with the approved audit system. (Acts 1980, No. 80-658, §5-2-17.)
AL Code § 5-2A-23 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-23 - Legal Counsel.

Section 5-2A-23Legal counsel. The Attorney General without additional compensation shall render to the State Banking Department such legal services as the superintendent may request. The district attorney in each county in this state, when requested by the superintendent, shall as a part of his or her official duty and without compensation, represent the superintendent in any civil action that the superintendent may desire to bring, or that may be brought against the superintendent under the provisions of Chapters 1A through 13B and Chapter 20 of this title, in his or her respective circuit or county. (Acts 1980, No. 80-658, §5-2-23; Acts 1995, No. 95-115, p. 134, §70.)
AL Code § 5-2A-24 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 1 - General Provisions.|Section 5-2A-24 - Examination of Small Loan Companies; Fees.

Section 5-2A-24Examination of small loan companies; fees. The Superintendent of Banks may at any reasonable time cause an examination to be made of any small loan company, finance company, and other individual or person holding any license from the State Banking Department at the licensee's place of business of the records and transactions of such licensee to determine compliance with the laws of Alabama. Each licensee shall pay to the State Banking Department the actual cost of each examination, the amount of which shall be reasonably prescribed under uniform and equitable rules and regulations promulgated by the Superintendent of Banks. All such fees shall be paid into the special fund set up by the State Treasurer pursuant to Section 5-2A-20, and used in the supervision and examination of licensees. (Acts 1980, No. 80-444.)
AL Code § 5-2A-40 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 2 - Banking Board.|Section 5-2A-40 - Composition of Banking Board; Chairman; Appointment and Terms of Office of Members.

Section 5-2A-40Composition of Banking Board; chairman; appointment and terms of office of members. There shall be a Banking Board, which shall consist of the superintendent, who shall be ex officio a member and chairman of the board, and six persons who shall be appointed by the Governor, by and with the consent of the Senate. At the time of appointment members shall reside in different congressional districts. Members of the Banking Board shall be appointed for terms of six years each so that the terms of two of the six appointed members will expire on February 1 of each odd-numbered year. Upon the expiration of their terms of office, members of the board shall continue to serve until their successors are appointed and have qualified. (Acts 1980, No. 80-658, §5-2-40.)
AL Code § 5-2A-41 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 2 - Banking Board.|Section 5-2A-41 - Meetings of Board - Notice; Executive Session; Confidentiality.

Section 5-2A-41Meetings of board - Notice; executive session; confidentiality. (a) A meeting of the Banking Board may be held on call of the superintendent or any three members of the Banking Board. The superintendent shall give to each member of the Banking Board at least three days' notice of the time and place of any meeting of the Banking Board unless such notice is waived by all the members of the Banking Board. (b) At any meeting, the Banking Board may go into executive session in order to do any of the following: (1) Protect the confidentiality of reports or information under Sections 5-3A-3, 5-3A-11, and 5-13B-105 and other provisions of this title. (2) Review information concerning the condition and affairs of any proposed bank or trust company, any bank or trust company, any subsidiary or affiliate of a bank or trust company, or several banks or trust companies or their subsidiaries, or to review personal or financial information of individuals. (3) Accomplish any other purpose of the Banking Board that requires it to receive or consider information that is confidential under this title. (c) Confidential information under this title includes all information set forth in subdivisions (1) and (2) of subsection (b) as well as other information designated as confidential in this title and other information as determined by the superintendent. (d) The Banking Board shall not go into executive session except upon a majority vote of a quorum, duly recorded in the minutes. (Acts 1980, No. 80-658, §5-2-41; Act 2007-224, p. 284, §1.)
AL Code § 5-2A-42 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 2 - Banking Board.|Section 5-2A-42 - Meetings of Board - Place.

Section 5-2A-42Meetings of board - Place. The Banking Board shall hold its meetings within the state; provided, however, the Banking Board may hold a meeting without the state only if so required by the federal agency regulating banks. (Acts 1980, No. 80-658, §5-2-42.)
AL Code § 5-2A-43 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 2 - Banking Board.|Section 5-2A-43 - Quorum.

Section 5-2A-43Quorum. A majority of members of the Banking Board shall constitute a quorum for the transaction of any business. (Acts 1980, No. 80-658, §5-2-43.)
AL Code § 5-2A-44 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 2 - Banking Board.|Section 5-2A-44 - Filling of Vacancies; Qualification of Members.

Section 5-2A-44Filling of vacancies; qualification of members. If a vacancy shall occur in the appointed membership of the Banking Board, the vacancy shall be filled by appointment of the Governor, and the appointee shall hold office until the Senate meets and passes on the appointment. If the appointment is disapproved by the Senate, another appointment must be made by the Governor, and appointments must be made in like manner until an appointment is confirmed by the Senate. The six appointed members of the Banking Board shall be persons of good character. Four of the six must have had at least five years' experience in the 10 years next preceding their appointment to the Banking Board either as an officer of a bank, a director of a bank or an examiner or other officer in a federal or state bank supervisory agency, including the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation and the banking departments of the various states or other equivalent experience. Three of the members of the board, during the time they hold office, shall be connected with some state bank doing business as a bank under the laws of the State of Alabama as an officer or director of such bank. (Acts 1980, No. 80-658, §5-2-44.)
AL Code § 5-2A-45 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 2 - Banking Board.|Section 5-2A-45 - Compensation of Members.

Section 5-2A-45Compensation of members. No person appointed as a member of the Banking Board shall receive any compensation for this service; except, that each appointed member of said Banking Board shall receive $50.00 per day and expenses as paid state employees for each day said Banking Board is in session. The compensation of the appointed members of the Banking Board shall be paid as earned by the State Treasurer on warrants drawn by the comptroller, in favor of each of them, which warrants are to be drawn on the certificate of the superintendent, which certificate shall certify that a meeting of said board was held, stating the time of meeting and stating the amount to which each member of the board is entitled. (Acts 1980, No. 80-658, §5-2-45.)
AL Code § 5-2A-60 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 3 - Bureau of Savings and Loan.|Section 5-2A-60 - Composition.

Section 5-2A-60Composition. The Bureau of Savings and Loan shall consist of: (1) A Savings and Loan Board; (2) A Commissioner of Savings and Loan, who shall be the chief officer of the Bureau of Savings and Loan, who shall be ex officio a member and Chairman of the Savings and Loan Board and who shall be the same person who is appointed Superintendent of Banks; and (3) Such subordinate divisions and employees as are provided for in this chapter. (Acts 1939, No. 14, p. 11; Acts 1939, No. 170, p. 294; Code 1940, T. 5, §23; Code 1975, §5-2-60.)
AL Code § 5-2A-62 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 3 - Bureau of Savings and Loan.|Section 5-2A-62 - Supervisory Powers of Commissioner Generally; Approvals, etc., by Commissioner; Permits Required of Savings and Loan Associations.

Section 5-2A-62Supervisory powers of commissioner generally; approvals, etc., by commissioner; permits required of savings and loan associations. (a) The commissioner shall have general supervision over all associations and corporations which are subject to the provisions of Chapter 16 of this title. He shall enforce the purposes of Chapter 16 of this title by use of the powers therein conferred and by reference to the courts when required. (b) Every approval by the commissioner given pursuant to the provisions of Chapter 16 of this title and every communication having the effect of an order or instruction to any association shall be in writing, signed by the commissioner under the seal of his office and shall be mailed by registered or certified mail to the association affected thereby, addressed to the president thereof at the home office of the association, and unless the association to which any approval or order is directed is an association having its accounts insured by a federal agency, it shall not be necessary to furnish a copy of such approval or order to any agency nor have any such federal agency concur in any such approval or order. (c) No savings and loan association shall transact any business, except incident to obtaining corporate existence, until it shall have obtained from the Savings and Loan Commissioner a permit to transact business as a savings and loan association. (Acts 1939, No. 459, p. 616; Code 1940, T. 5, §243; Acts 1943, No. 97, p. 99; Acts 1945, No. 122, p. 114; Code 1975, §5-2-62.)
AL Code § 5-2A-80 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 2A - State Banking Department.|Article 4 - Bureau of Loans.|Section 5-2A-80 - Created; Supervisor of Bureau; Inspections; Records, Reports, etc., Not Open to Public.

Section 5-2A-80Created; supervisor of bureau; inspections; records, reports, etc., not open to public. To administer and enforce the provisions of chapter 18 of this title, there is hereby created in the State Banking Department the Bureau of Loans. The Superintendent of Banks shall, with the approval of the Governor and subject to the provisions of the merit system, appoint a Supervisor of the Bureau of Loans, who shall be the chief of the Bureau of Loans, and such other employees of said bureau as may be necessary. The Supervisor of the Bureau of Loans shall take and file with the Secretary of State the official oath and shall give bond in the penal sum of $10,000.00 for the faithful performance of the duties of his office. The Supervisor of the Bureau of Loans, for the purpose of discovering violations of Chapter 18 of this title, may investigate the loans and business of every person, copartnership and corporation by whom or by which any such loan shall be made, whether such person, copartnership or corporation shall act, or claim to act, as principal, agent or broker or under or without the authority of said chapter. All records, reports and other data submitted by any licensee to the Supervisor of the Bureau of Loans and the reporting of all investigations made under Chapter 18 of this title shall remain in said office and shall not be open to public inspection. (Acts 1945, No. 159, p. 200, §5; Acts 1951, No. 787, p. 1385; Code 1975, §5-2-80.)