§ 1392 Bank Agency Application Rules

• •The application must use the exact form the commissioner requires.
• •It must include all the information the commissioner asks for.
• •The application has to be signed, and may need extra verification if the commissioner orders it.

A state bank wants to handle loan paperwork for a small community bank.

The state bank has to submit the required application form with all the needed details, sign it, and if the commissioner says so, get the form verified before it can act as the community bank’s agent.