Wis. Admin. Code Department of Financial Institutions DFI-SB 3.02
Current through November 25, 2024
In lieu of the bond required by s. DFI-SB 3.01, for agents appointed by a savings bank, a fidelity bond may be provided in an amount at least twice the average monthly collections of each agent if the agent is required to settle with the savings bank at least monthly and if the bond is approved by the board of directors of the savings bank. No bond is required for any agent that is a financial institution insured by the FDIC.
Wis. Admin. Code Department of Financial Institutions DFI-SB 3.02
This section interprets or implements s. 214.34, Stats.
This section parallels 12 CFR 563.191 adopted by the federal office of thrift supervision for savings and loan associations.