Rule detail : 277616

IOW BANK Duplicative Language Recission

Updated on: Sep 20, 2026

Latest Event

Sep. 2026 IOW BANK Rule Adoption
On Sep. 16, 2026, IOW BANK reported adoption of proposed rules to rescind IOW FIN 1 and IOW FIN 4, to eliminate language that duplicates statutory language.
IOW FIN 2, IOW FIN 5, IOW FIN 6, IOW FIN 7, IOW FIN 8, IOW FIN 9, IOW FIN 11, IOW FIN 12, IOW FIN 15, IOW FIN 16, IOW FIN 17, IOW FIN 18, IOW FIN 19, IOW FIN 20.
Rulemaking will become effective on Oct. 21, 2026.

On Nov. 26, IOW BANK proposed rescinding unnecessary language.

IOW BANK proposed rescinding unnecessary or duplicative Banking Department rules.
Affected Code
Rescinds IOW FIN 1 and IOW FIN 4, to eliminate language that duplicates statutory language, unnecessary and inconsistent language, and unnecessarily restrictive terms.
Rescinds IOW FIN 2, IOW FIN 5, IOW FIN 6, IOW FIN 7, IOW FIN 8, IOW FIN 9, IOW FIN 11, IOW FIN 12, IOW FIN 15, IOW FIN 16, IOW FIN 17, IOW FIN 18, IOW FIN 19, IOW FIN 20 and adopts new chapters in lieu that eliminate unnecessary language.
Consultation
Hearings will be held Dec. 16, and Dec. 18, 2025; comments due by 4:30 pm each day
Jun. 2026 IOW BANK State Register
On Jun. 10, 2026, IOW BANK published proposed rescissions in the State Register.
Public hearings are scheduled for Jul. 9, 2026 and Jul. 14, 2026 from 9:00-10:00 am.
Comments on the proposal are due no later than 4:30 p.m. on July 14, 2026.
Sep. 2026 IOW BANK Rule Adoption
On Sep. 16, 2026, IOW BANK reported adoption of proposed rules to rescind IOW FIN 1 and IOW FIN 4, to eliminate language that duplicates statutory language.
IOW FIN 2, IOW FIN 5, IOW FIN 6, IOW FIN 7, IOW FIN 8, IOW FIN 9, IOW FIN 11, IOW FIN 12, IOW FIN 15, IOW FIN 16, IOW FIN 17, IOW FIN 18, IOW FIN 19, IOW FIN 20.
Rulemaking will become effective on Oct. 21, 2026.

Regulators

IOW BANK

Entity Types

Bank

Reference

IOW SR Vol. XLIX No. 6, 9/16/2026; IOW SR Vol. XLVIII No. 26, 6/10/2026; IOW SR Vol. XLVIII No. 12, RF, 11/26/2025; Citation: *IOW FIN* 1, 2, 4, 5, 6, 7, 8, 9, 11, 12, 15, 16, 17, 18, 19, 20;

Functions

Compliance; Financial; Legal; Operations

Countries

United States of America