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Current as of January 01, 2025 | Updated by Findlaw Staff
The department shall have the power to supervise, regulate, examine, limit, or prohibit the activities of corporations or persons that are subsidiaries of or are affiliated with institutions, including credit unions, to the same extent as such activities of corporations or persons that are subsidiaries of or are affiliated with national banking associations, Federal savings associations or Federal credit unions, or with members of a Federal Reserve Bank, are, or shall be, supervised, regulated, examined, limited, or prohibited by general law, by Federal statutes or by regulations issued by any Federal authority pursuant to law, but in no event shall the department's examination and enforcement authority over subsidiaries and affiliates be less than is permissible for banking institutions under the act of November 30, 1965 (P.L. 847, No. 356), 1 known as the “Banking Code of 1965,” savings associations under the act of December 14, 1967 (P.L. 746, No. 345), 2 known as the “Savings Association Code of 1967,” or credit unions under 17 Pa.C.S. (relating to credit unions).
Cite this article: FindLaw.com - Pennsylvania Statutes Title 71 P.S. State Government § 733-402. Examination of corporations or persons affiliated with institutions - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-71-ps-state-government/pa-st-sect-71-733-402/
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