Wisconsin Administrative Code
Department of Financial Institutions
DFI-SL 1-22 - Department of Financial Institutions-Savings & Loan
Chapter DFI-SL 2 - General provisions; procedures; division's authority
Section DFI-SL 2.04 - Supervisory orders
Universal Citation: WI Admin Code ยง DFI-SL 2.04
Current through February 26, 2024
(1) PURPOSE. To carry out the division's responsibilities, the division may issue a supervisory order when it determines that an association is:
(a) Violating the
provisions of its articles, bylaws, the laws of this state, or the laws of the
United States, or any order or rule issued by the division or by the division
and the review board: or
(b)
Engaging in any unsafe or unsound practice.
(2) FORMAT. A supervisory order issued under s. 215.02(7) (c), Stats. shall be captioned "SUPERVISORY ORDER UNDER SECTION 215.02(7) (c), STATUTES". If it is not so captioned, it does not constitute a supervisory order under that section.
This section interprets or implements ss. 215.02(7) (c), Stats.
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