Oklahoma Administrative Code, Title 180

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Chapter 1 Administrative Operations

Subchapter 1 General Provisions

Okla. Admin. Code § 180:1-1-1 Purpose

This chapter provides for operations of the Board, release of public information, rules of practice and procedure before the Board and definitions.

Okla. Admin. Code § 180:1-1-3 General powers of the Commissioner and Board

(a) The Commissioner shall be the chief administrative officer of the Board. The Commissioner and his staff shall execute the rules, regulations, orders, decisions and policies of the Board. The Commissioner and his staff shall perform and carry out the clerical duties of the Board, under the direction and supervision of the Board.

(b) The Commissioner shall issue certificates to engage in business as a credit union upon authority of the Board and in compliance with Section 2002 and Section 2003 of the Act.

(c) The Commissioner shall investigate and examine credit unions as required by the Act and shall require reports, impose penalties and enforce the provisions of Section 2008 of the Act.

(d) The Board will from time to time adopt rules, conduct individual proceedings and enter orders as defined in the Administrative Procedures Act and in accordance with the provisions thereof.

Okla. Admin. Code § 180:1-1-4 Requests for information

(a) The records of the Department are subject to review only as provided in the Act, rules of the Board, and the Oklahoma Open Records Act. Requests for information shall be accompanied by a Request for Records form prescribed by the Commissioner, which shall identify the name, address and telephone number of the person requesting the information and the specific information or types of information requested. The person requesting to inspect or receive copies of records shall state whether the records are being viewed or requested for a personal, business or commercial reason.

(b) Examination reports are the property of the regulatory agencies that generate them and no part of such reports shall ever be considered public record. Copies are furnished to credit unions for their confidential use. Under no circumstances shall a credit union or any of its directors, officers or employees disclose or make public in any manner the report or any portion thereof. If a subpoena or other legal process is received calling for production of an examination report, the Department must be notified immediately.

(c) All requests for information must be submitted to the principal office of the Department. Records of the Department will be available to the public for inspection only during regular office hours.

(d) No original records shall be removed from the Department. A charge for copies may be made in accordance with the Open Records Act and the provisions of this title or the Act.

History

• Amended at 26 Ok Reg 1407, eff 6-11-09