Section 733-403 - Reports to department; publication; penaltiesA. Every institution shall maintain copies of the complete reports of its condition in such form and as of such dates as may be required by the department and publish copies or compilations thereof to the extent required by Federal law. The department may also require special reports on the condition of, or any particular facts concerning, any institution at any time the department deems it necessary or advisable for the protection of the depositors, other creditors, or shareholders thereof. The manner of delivery of such reports or special reports may include such electronic or other type of technologically advanced delivery as may be permitted by the department.
B. The form of all reports, the information to be contained in them, and the date on which they shall be due shall be prescribed by the department. The reports shall be verified by the oath or affirmation of the president, cashier, secretary, treasurer, or other managing officer of a corporation, or by one of the firm in the case of a partnership or other unincorporated association, or by the banker if an individual or in such other manner as may be provided by the department. In the case of a corporation, the report shall also be attested as correct by the signatures of at least three of its directors or trustees or in such other manner as may be provided by the department. C, D. Deleted by 2002, Dec. 9, P.L. 1604, No. 209, § 11, imd. effective.
E.(1) Any institution which fails to make or publish any report, or to furnish any proof of publication, in accordance with the provisions of this section, shall pay to the department a penalty of one hundred dollars for each day after the time fixed by the department for filing such report, making such publication, or furnishing such proof of publication, but the department may, in its discretion, relieve any institution from the payment of such penalty, in whole or in part, if good cause be shown to it for the failure of such institution to file or publish the report or to furnish proof of publication thereof.(2) Notwithstanding any licensing statute to the contrary, if a licensee licensed under any respective licensing statute within the department's jurisdiction to enforce fails to notify the department in writing received by the department within ten days of relocating the licensee's licensed office that the licensee has relocated such licensed office to a location stated by the licensee, then the licensee shall pay to the department a fine up to a maximum of two thousand dollars ($2,000.00) per violation for failing to timely notify the department of such change of licensed office location. For the purposes of this subsection, the term "licensing statute" means any State law pursuant to which the department may grant a license.(3) If an institution or licensee fails to pay a penalty from which it has not been relieved, the department may, through the Office of Attorney General or its authorized designee, maintain an action at law to recover it, together with any additional costs incurred by the department or the Office of Attorney General or its authorized designee.1933, May 15, P.L. 565, art. IV, § 403. Amended 1941, July 29, P.L. 583, § 1; 1963, Aug. 14, P.L. 863, § 1; 2002, Dec. 9, P.L. 1604, No. 209, § 11, imd. effective.