ARSD 20:07:23:05

ARSD 20:07:23:05. Notice required to discontinue mobile branch banks

Last amended: 2008Year: 2026Length: 94 wordsOfficial source

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.
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