Amends TCA Title 45, Chapter 2.
Tennessee HB0110 authorizes the commissioner of financial institutions to determine the type, amounts, and characteristics of deposit insurance that each state bank must maintain. The bill affects state banks operating in Tennessee by providing the commissioner with the authority to establish specific insurance requirements. Key provisions include the criteria that the commissioner must consider when making these determinations.
Tennessee HB0110 authorizes the commissioner of financial institutions to determine the type, amounts, and characteristics of deposit insurance that each state bank must maintain. The bill affects state banks operating in Tennessee by providing the commissioner with the authority to establish specific insurance requirements. Key provisions include the criteria that the commissioner must consider when making these determinations.
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