Reports - Regular and special - Publication - Penalty
N.D. Cent. Code § 6-03-70
in effect6-03-70. Reports - Regular and special - Publication - Penalty
Every state banking association shall respond to calls each year, the number to be
determined by the commissioner. The commissioner shall prescribe the forms for such reports
which must be the same forms as those for similar reports called by the federal deposit
insurance corporation. The reports must exhibit in detail, under appropriate headings, the
resources and liabilities of the association at the close of business on a past day specified by
the commissioner, which must be the same day on which similar reports are required by the
federal deposit insurance corporation. Each report must be verified by the oath of the president
or the cashier and attested as correct by at least two of the directors and must be transmitted to
the commissioner within thirty days after receipt of the request for the same. The commissioner
may request an amended call for reports filed in error and may require republication of the call
report containing material errors. At the discretion of the commissioner, a call may be complied
with by submission of a photocopy of the call report submitted to the federal deposit insurance
corporation or federal reserve bank or a printout retrieved from computer facilities in the
department of financial institutions and connected to those of the federal deposit insurance
corporation. The commissioner may call for a special report from any association whenever in
the commissioner's judgment the same is necessary to obtain complete knowledge of the
condition of the association. Every association which fails to make and transmit any report
required by this section shall forfeit and pay to the state treasurer for deposit in the financial
institutions regulatory fund a penalty of two hundred dollars for each delinquency. The
commissioner may waive the penalty for reports filed late, not exceeding three business days
beyond the due date required by this section.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c03.pdf#nameddest=6-03-70Fetched: 10/16/2026