§ 1603 Trust Company Examinations

• •The commissioner must examine court trust business at least once every 24 months.
• •Private trust business can be examined whenever the commissioner thinks it’s necessary.
• •The rule helps make sure trust companies are handling both court‑ordered and private trusts properly.

A trust company that manages money for a court‑ordered guardianship is visited by the commissioner after 22 months.

The commissioner checks the court trust records because the law says they must do it at least every 24 months. If the commissioner thinks the private trust side needs a look‑over, they can check that too, even if it’s not yet two years.