Ga. Comp. R. & Regs. R. 80-8-1-.02 - Methods
(1) The DBF
fulfills its responsibilities under Title 7 of the Official Code of Georgia
Annotated through direct examination and investigation of financial
institutions and other licensees, applications submitted by such institutions,
and through administrative analysis of data submitted by such
institutions.
(2) Direct
examination and investigation of financial institutions and other licensees is
conducted by a staff of professional examiners knowledgeable in financial
analysis, credit evaluation, applicable law, and operating practices and
controls of regulated entities. Examinations and investigations of financial
institutions are coordinated with appropriate federal financial regulatory
authorities having concurrent jurisdiction. Forms and methods utilized in
carrying out examination activities are standardized with federal agencies;
however, DBF may have supplementary forms and procedures as circumstances and
regulatory requirements demand. Coordination of examination activities with
federal regulatory agencies is designed to minimize unnecessary duplication of
activities while providing all agencies the data necessary to fulfill their
separate responsibilities. The Department publishes a Statement of Policies
which details guidelines and interpretations in a number of areas relating to
its examination, supervision and investigative duties. The Statement of
Policies is updated and revised from time to time as required by industry and
economic changes and is available from the Department. The Department also
publishes an Applications Manual, which details requirements for all
applications and refers to relevant code sections.
Notes
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