Compilation of Rules and Regulations of the State of Georgia
Department 80 - RULES OF DEPARTMENT OF BANKING AND FINANCE
Chapter 80-8 - AGENCY ORGANIZATION AND PROCEDURES
Subject 80-8-1 - AGENCY ORGANIZATION AND PROCEDURES
Rule 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.