ARSD 20:07:23:05
ARSD 20:07:23:05. Notice required to discontinue mobile branch banks
Cite as S.D. Admin. R. 20:07:23:05
At least 30 days before terminating an existing mobile branch bank, the bank shall submit a letter of notice to the director that includes the following:
(1) Statement of the area which will no longer be served;
(2) Statement of the impact of the discontinuance of the mobile branch bank within the area previously served; and
(3) Statement of reasons for the termination of the mobile branch bank.
Any change in the locations to which a mobile vehicle travels is not the termination of an existing mobile branch bank for purposes of this section.