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Banking Laws and Regulations

Since banking is one of the most highly regulated industries, there is no shortage of laws and regulations with which banks must comply. We could not attempt to provide information on every such law and regulation; however, we will provide a good start.

First, with respect to the Division of Finance, its existence and powers are identified in Chapter 361 RSMo. Bank powers are generally described in Chapter 362 RSMo. (click here to see a summary of year 2006 banking and consumer credit legislation, including amendments to Chapters 361 and 362 RSMo, which were generally effective August 28, 2006)

The State Banking Board, created in 1955, has specific duties including hearing appeals of certain decisions of the Commissioner of Finance.  The Board's organization and description are contained in State Regulation 20 CSR 1135.

Follow the links to the left for Missouri and Federal banking laws and regulations.