Browse Arkansas Code titles and sections
23-46-607. Enforcement — Rules.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-46-607. Enforcement — Rules.
The Bank Commissioner may by rule:
(1) Adopt additional procedures to implement this subchapter; and
(2) Impose sanctions under § 23-46-205 for violations of this subchapter by a technology service provider if the commissioner considers the enforcement action to be necessary or appropriate to enforce this subchapter and ensure compliance with the laws of this state.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-46-607
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-46-607
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: db575af548088132f6281a50a3ffb2a13131a44000631e9b7359cefcb249206a
Source location: content.xml paragraph 22411
Stored source content
23-46-607. Enforcement — Rules.
The Bank Commissioner may by rule:
(1) Adopt additional procedures to implement this subchapter; and
(2) Impose sanctions under § 23-46-205 for violations of this subchapter by a technology service provider if the commissioner considers the enforcement action to be necessary or appropriate to enforce this subchapter and ensure compliance with the laws of this state.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-46-205. Bank Commissioner — Powers and duties.
(a) The Bank Commissioner shall be charged with the general supervision of financial institutions, the execution of all laws passed by the State of Arkansas relating to the organization, operations, inspection, supervision, control, liquidation, and dissolution of banks, bank holding companies, subsidiary trust companies, and the general commercial banking business of Arkansas, and such other duties as prescribed by law.
(b)(1) The commissioner shall have the power to issue such rules as may be necessary or appropriate to carry out the intent and purposes of all those laws and to issue cease and desist orders against any financial institution, or an officer, director, or employee of any financial institution, found to be violating federal banking laws or regulations, violating the banking laws of this state or State Bank Department rules, violating any regulatory agreement, or jeopardizing the safety and soundness of any financial institution.
(2)(A) The commissioner may issue rules only with the approval and consent of the State Banking Board, but he or she shall have the power to issue cease and desist orders upon his or her own motion.
(B) Nothing in this section shall be construed to curtail the commissioner's power to issue emergency rules with the approval and consent of the board.
(3)(A) Any person subject to a cease and desist order issued by the commissioner who refuses or fails to comply with the terms of the order may be assessed a monetary penalty for the failure to comply with the provisions of the cease and desist order after a ten-day notice given by the commissioner to the institution or person subject to the order.
(B) The amount of the monetary penalty shall not exceed one thousand dollars (
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-46-205
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-46-205. This identifies an authority to review, not proof of applicability.