Chapter 677 - Thrift Companies
- ADMINISTRATION AND ENFORCEMENT
- BRANCH OFFICES
- 677.250 - Establishment and maintenance.
- 677.270 - Requisites for approval of application; notice of approval or denial.
- 677.290 - Right to open branch office expires if office not open within 6 months after approval of application.
- 677.300 - Authorization for change of location; posting of certificate.
- 677.310 - Specified designation of branch offices by name or number required.
- 677.320 - Closing or discontinuance of branch office.
- 677.330 - Mobile offices.
- EXPLOITATION OF OLDER PERSONS OR VULNERABLE PERSONS
- 677.673 - Definitions.
- 677.677 - “Designated reporter” defined.
- 677.683 - “Exploitation” defined.
- 677.687 - “Older person” defined.
- 677.693 - “Reasonable cause to believe” defined.
- 677.697 - “Vulnerable person” defined.
- 677.703 - Training; reporting to designated reporter.
- 677.707 - Designated reporter: Designation; duty to report; immunity.
- FORMATION
- 677.150 - Authorization by Commissioner.
- 677.160 - Application for authority to engage in business: Form; contents; filing fee; regulations; withdrawal of application.
- 677.170 - Fidelity bond.
- 677.175 - Additional bond.
- 677.180 - Investigation and examination of applicant.
- 677.190 - Requisites for approval of application.
- 677.200 - Qualifications of president and certain managers of corporation.
- 677.210 - Minimum stockholders’ equity required.
- 677.220 - Certificate of authorization to transact business.
- 677.230 - Reserves.
- GENERAL PROVISIONS
- 677.010 - Short title.
- 677.020 - Definitions.
- 677.030 - “Amount of cash advance” defined.
- 677.040 - “Amount of loan obligation” defined.
- 677.050 - “Borrowings” defined.
- 677.060 - “Charges” defined.
- 677.065 - “Commissioner” defined.
- 677.070 - “Community” defined.
- 677.075 - “Deposit” defined.
- 677.090 - “Gross amount” defined.
- 677.100 - “License” defined.
- 677.110 - “Licensee” defined.
- 677.115 - “Loan” defined.
- 677.125 - “Stockholders’ equity” defined.
- 677.130 - “Thrift certificate” defined.
- 677.140 - “Unpaid principal balance” defined.
- 677.145 - Certain relationships between employee of Division of Financial Institutions and licensee prohibited; termination of prohibited relationship.
- GENERAL REGULATIONS
- 677.580 - Use of holding company or other device for evading or avoiding chapter prohibited; right to issue preferred stock or debentures not affected.
- 677.590 - Issuance of thrift certificates prohibited; exception.
- 677.600 - Permissible depositories.
- 677.610 - Authorized investments.
- 677.612 - Authority to accept deposit by fiduciary in trust; payment to fiduciary of withdrawal value and interest.
- 677.614 - Payment of withdrawal value and interest to beneficiary upon death of fiduciary.
- 677.616 - Deposit by and payment to minor.
- 677.620 - Limit on deposits; limit on total borrowings; borrowing money from Federal Home Loan Bank.
- 677.630 - Permissible transactions in real property.
- 677.640 - Conduct of business in place where other business being conducted; name under which business may be transacted; loans by mail.
- 677.645 - Use or change of business name; prohibitions.
- 677.650 - Making loan to or purchasing contract or chose in action from officer, director or other specified person prohibited; exception; personal liability.
- 677.660 - Advertising: Prohibitions; insurance of deposits.
- LICENSING
- 677.340 - Persons ineligible for licensing.
- 677.350 - Applicability of chapter to persons who seek to evade.
- 677.355 - Licensee may own interest in bank or savings and loan association.
- 677.360 - Expiration, renewal and reinstatement of license; fees; regulations.
- 677.370 - Posting of license; transferability and assignability of license.
- 677.373 - Application for license: Additional requirements; fingerprints; grounds for refusal to issue license.
- LOANS; POWERS AND PRIVILEGES
- 677.720 - Requirements for making and paying of loans: Duties of licensee.
- 677.730 - Interest, charges and repayment.
- 677.750 - Prohibited practices by licensee.
- 677.760 - Restriction on percentage of loans secured by stocks or bonds of any one obligor; exception.
- 677.770 - Limitations on amount of secured loans or obligations of any one obligor.
- 677.780 - Loans may be made to any person; exceptions; property situated outside of State.
- 677.790 - Powers of licensee.
- PROTECTION OF INVESTORS
- 677.241 - Power of licensee to obtain benefits of federal programs.
- 677.243 - Records of employees; confidentiality.
- 677.245 - Limitation on investment in real property; recording deed or other document; subsidiary ledger or other appropriate record.
- 677.247 - Applicant required to obtain insurance of deposits; regulations.
- UNLAWFUL ACTS; PENALTIES
- 677.800 - Violation of provisions of chapter.
- 677.805 - Administrative fines.
- 677.810 - Receiving certain compensation or property; making false entry in books or records; embezzlement.
- 677.820 - Fraudulent insolvency; malfeasance of directors.
- 677.830 - Making loan or purchasing contract in violation of chapter.
- 677.840 - Deposit of company’s money on condition of loan or advance.
- 677.850 - Accepting deposits with knowledge of insolvency of company or violation of chapter.