|
|
| South Dakota - Division of Banking |
Mission
- To regulate and supervise state chartered and licensed financial institutions, to maintain stability and public confidence in state chartered institutions and to protect public interests.
- To promote the safety and soundness of state chartered financial institutions by identifying, monitoring and addressing risks to those institutions.
- To sustain a skilled examination and support staff trained to identify risks, enforce laws and regulations, respond to needs of the public, and respond to changes in the financial environment as they impact financial institutions in South Dakota.
Use the attached link to access current information on the South Dakota division of banking.
http://www.state.sd.us/drr2/reg/bank/BANK-HOM.htm
WHO SUPERVISES THE DIVISION OF BANKING?
The Division of Banking is administered under the direction of the Department of Revenue & Regulation. The Division is under the administrative control and supervision of the Director of Banking. In addition to the Director, the Governor appoints a commission consisting of five members. The Director of Banking is the executive officer of the Commission and complies with and enforces orders and directions of the Commission. The Commission is responsible to act on applications to organize a bank, change control, merge, change location, and establish or close branch banks. The Commission also acts on Rules necessary for the management and administration of banks over which it has jurisdiction.
Contact and Location Information
You can contact the Division by email at ….
drr.banking.info @state.sd.us
telephone (605-773-3421)
or fax (605-773-5367).
The mailing address is ..
217 1/2 West Missouri Avenue,
Pierre, SD 57501-4590.
Complaints
How do I file a complaint against a State Chartered Bank?
Send all pertinent information to the …
Division of Banking
217 1/2 West Missouri,
Pierre, SD 57501-4590
or FAX (605-773-5367).
How do I file a complaint against a Nationally Chartered Bank?
Contact the Comptroller of the Currency at
One Financial Pl.,
Ste. 2700, 440 S. LaSalle St.,
Chicago, IL 60605-1073
Phone 312-360-8800.
Entities Supervised
The following entities are regulated by the Division of Banking.
- Money Lender Companies Licensed to do Business in South Dakota
- Money Order Companies Licensed to do Business in South Dakota
- Mortgage Broker Companies Licensed to do Business in South Dakota
- Mortgage Lender Companies Licensed to do Business in South Dakota
- State Banks Licensed to do Business In South Dakota
- Trust Companies Licensed to do Business in South Dakota
Laws and Regulations
Use the attached link to access current information on the laws and regulations the Division of Banking is responsible for enforcing.
http://www.state.sd.us/drr2/laws/legal_info.htm
Identity Theft
When it comes to identity theft, the old adage applies, an ounce of prevention is worth a pound of cure. The following are useful tips and information for consumers to avoid identity theft:
- Be careful about giving out your personal information. Don’t give out any personal information over the phone unless you initiate the call;
- Pay attention to your billing cycles. If you don’t get your bills in the mail, be suspicious;
- Be cautious about where you leave your information. Think of your bills as cash, don’t leave them lying around;
- Guard your mail from theft. Be vigilant about checking your mail promptly after it has been delivered. Don’t let it pile up while you are away;
- Watch what you throw away. What may be garbage to you can be stolen treasure to an identity thief;
- Travel light. Don’t carry more checks or credit cards than you need. That will minimize the damage if your wallet is lost or stolen; and
- Check your credit report on a regular basis. Order a copy of your credit report from the three major credit-reporting agencies at least once a year and make sure that the information they have is correct.
- The agencies are:
- Experian 1-800-397-3742
- Equifax 1-800-525-6285
- Trans Union 1-800-680-7289
If a consumer is a victim of Identity theft, he/she should:
- Contact creditors by phone and by certified mail;
- Stop payment on checks and close bank accounts;
- Contact the Department of Motor Vehicles and your local postal inspector;
- File a report with your local police department; and
- Call the FTC’s fraud hotline at 1-877-IDTHEFT.
|
|
|
|
