Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2675 - FINANCIAL INSTITUTIONS
BANKING PROCEDURES
Part 2675.2200 - CHARGED OFF ASSETS; DUAL CONTROL
Universal Citation: MN Rules 2675.2200
Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1. Record.
A complete record of charged off assets shall be maintained on which all recoveries shall be shown. This record shall also cite authority of directors with regard to any debts that have been compromised, and include signed compromise agreements, if it is possible to obtain them.
The original records of charged off assets shall be maintained under dual control to effect any entry subsequent to the board's charge off resolution.
Subp. 2. [Repealed, 9 SR 1689]
Subp. 3. [Repealed, 9 SR 1689]
Statutory Authority: MS s 46.01
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