Section 8. Notwithstanding any other law to the contrary, the commissioner may enter into a cooperative agreement with bank regulators in jurisdictions other than the commonwealth to facilitate the regulatory supervision of Massachusetts and out-of-state branches including an agreement relative to the coordination of examinations or joint participation in examinations of the branches, and may accept reports of examinations by the regulators pursuant to the agreement. The commissioner may also enter into an agreement providing for enforcement actions against Massachusetts and out-of-state branches. The agreement may include provisions relative to the amount and assessment of fees for an examination or enforcement action. Nothing in this section shall be construed to limit the authority of the commissioner to independently conduct examinations of and enforcement actions against a branch.
Structure Massachusetts General Laws
Part I - Administration of the Government
Section 2 - Main Office; Change of Location
Section 3 - Branch Offices or Depots
Section 4 - Mobile Branch Banking
Section 5 - Investigation Fees; Classifications and Differentiations of Banks
Section 7 - Branch De Novo in Foreign State or Country
Section 8 - Cooperative Agreements With Other Jurisdictions for Regulatory Supervision of Branches
Section 9 - Bank as Agent for Another Banking Institution
Section 15 - Foreign Banks; Certificate to Transact Business; Housing Partnership Fund