[§489D-9.5]  Limited exemption for financial
institutions; financial institutions as authorized delegates.  (a)  Banks,
bank holding companies, credit unions, building and loan associations, savings
and loan associations, savings banks, financial services loan companies, and
mutual banks organized under the laws of the United States or any state shall
be exempt from the licensing and examination provisions of this chapter.



(b)  An applicant or licensee may appoint an
entity described in subsection (a) as an authorized delegate.



(c)  When submitting an application for a
license pursuant to section 489D-9, or when submitting an annual report
pursuant to section 489D-12, an applicant or licensee that appoints an entity
described in subsection (a) as an authorized delegate shall include that
entity's name and the locations in this State where that entity will conduct
its authorized delegate activities.



(d)  When computing the application and license
fees required to be paid pursuant to sections 489D-10 and 489D-12, an applicant
or licensee that appoints an entity described in subsection (a) as an
authorized delegate shall exclude all of the locations in this State where that
entity will conduct its authorized delegate activities. [L 2008, c 195, pt of
§1]