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Title 3 . Commerce, Community, and Economic Development
Chapter 2 . Land Sales
Section 217. Application for a mobile facility

3 AAC 02.217. Application for a mobile facility

(a) The following information must accompany a bank's application for a mobile facility:

(1) materials and fee required by 3 AAC 02.215(b) (1) - (b)(10);

(2) a map of the area to be served drawn to a scale that shows at least the community boundaries and indicating

(A) the locations at which the mobile facility would provide banking services;

(B) the point of origin of and storage location of the proposed mobile facility when not in use; and

(C) the location and identity of financial institutions within a 25-mile radius of the area to be served by the proposed mobile facility;

(3) a list of the banking services to be offered by the proposed mobile facility;

(4) the proposed schedule indicating the time of day and days of the week that the proposed mobile facility would provide banking services at the indicated locations and whether the proposed mobile facility would be operated on a year-round or seasonal basis;

(5) security procedures to be used when the proposed mobile facility is in use and when it is not in use;

(6) a description of the type of mobile facility proposed to provide the services indicated and a statement of how assets and liabilities of the proposed mobile facility will be carried on the books of the bank;

(7) the name and resume of the individual who will be directly responsible for the management of the proposed mobile facility;

(8) a brief economic analysis supporting the assertion that the service area needs the proposed services; and

(9) additional information requested by the department.

(b) A proposed change in the daily schedule for a mobile facility or a change in the location at which a mobile facility is to provide banking services must be approved in writing by the department at least 30 days before the proposed implementation date of the change.

(c) No bank may conduct a banking business through a mobile facility without a certificate of authority for that facility issued by the department. The certificate of authority must be prominently and publicly displayed in the mobile facility.

(d) Upon written request from a bank and after reviewing the past reports of examination of the bank and finding that the bank is in compliance with the department's recommendations in those reports, the department will, in its discretion, waive any of the application requirements set out in (a)(6) - (a)(8) of this section and those requirements referred to in (a)(1) of this section, except that the department will not waive the requirements of 3 AAC 02.215(b) (1) and (b)(2).

History: Eff. 4/6/79, Register 70; am 12/31/80, Register 76; am 1/10/94, Register 129

Authority: AS 06.05.005 (a)

AS 06.05.399


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Last modified 7/05/2006