§ 13.67. Authority of the Department.
(a) When deemed necessary by the Department, a limited purpose banking office established and maintained under § § 13.6113.66, 13.68 and this section shall be subject to supervision, regulation, examination and orders issued by the Department. The Department has determined not to assess a fee associated with the establishment or maintenance of a limited purpose banking office. The Department reserves the right to assess a fee associated with the establishment, examination, supervision or regulation of a limited purpose banking office established under § § 13.6113.66, 13.68 and this section when deemed appropriate by the Department.
(b) Failure of a banking institution to comply with § § 13.6113.66, 13.68 and this section may cause the limited purpose banking office to be viewed by the Department as a branch, causing the office to be subject to the requirements related to bank branch offices contained in the act. Accordingly, the Department may take any enforcement action it deems appropriate under these circumstances.
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