81-12-178 - Public availability of federal evaluations of banks. - Mississippi Statutes

§ 81-12-178. Public availability of federal evaluations of banks.
 

(1)  The commissioner shall obtain each year from the appropriate federal financial supervisory agency or agencies the public sections of the written evaluations prepared pursuant to 12 USCS Section 2906 of the Community Reinvestment Act, as amended (12 USCS Section 2901 et seq.), of each state savings association, savings bank, and savings and loan association and each federal savings and loan association located in Mississippi, and each savings and loan holding company that controls any savings association, savings bank or savings and loan association located in Mississippi. Once each year, the commissioner shall publish in some newspaper having a general circulation in the state a statement that the public section of the written evaluation prepared pursuant to 12 USCS Section 2906 of the Community Reinvestment Act, as amended (12 USCS Section 2901 et seq.), of each such savings association, savings bank, savings and loan association and savings and loan holding company is maintained in the office of the commissioner and will be made available for inspection to any person upon request during business hours, and that copies of all or part of any evaluation will be furnished to any person upon request for a reasonable copying fee prescribed by the commissioner. 

(2)  For the purposes of this section, the term "appropriate federal financial supervisory agency" shall have the same meaning as the definition in 12 USCS Section 2902. 
 

Sources: Laws, 1993, ch. 441, § 92; reenacted, 1994, ch. 622, § 124; reenacted without change, Laws, 1997, ch. 496, § 89; reenacted without change, Laws, 2001, ch. 488, § 91, eff from and after July 1, 2001.