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chicaevie
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OFR
Office of Financial Regulation
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The Financial Services Commission is comprised of ?
- Governor
- Chief Financial Officer
- Attorney General
- Agricultrue Commissioner
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Who appoints the Director of the Office of Financial Regulation (OFR)?
The Financial Servies Commission
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The Director of the Office of Financial Regulation is sometimes called?
Commissioner
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The Director of the Office of Financial Regulation (OFR)/Commissioner does what?>
Supervises, directs, coordinates, and administers all activities of the OFR.
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The Director of the Office of Financial Regulation (OFR) has a Chief-of-STaff (COS), who reports to the COS?
- Communications Director
- OFR's three divisions
- Independent bureau: Division of Finance, Division of Securities, Division of Financial Institutions, Bureau of Financial Investigations.
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What does the Office of General Counsel do?
- Legal support of the OFR's daily operations
- Represents the OFR in all administrative and judicial proceedings.
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What does the Office of Inspector General do?
- Promotes accountability, integrity, and efficiency in government.
- Serves as the chief interanl auditor and directs the agency's internal audit program and conducts internal investigations.
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What does the Director of Legislative and Cabinet Affairs do?
- Legislative activities
- Bill analyses
- Assisting legislators with constituent issues
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What does the Planning and Budget Administrator do?
- Agency budget
- Annual Legislative Budget request
- Monitors the agency's progress during the year related to operating expenditures and performance measurement.
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What does the Communications Director do?
- Media Relations
- Internal Communications
- Community relations and outreach
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The Division of Finance is responsible for?
Licensing and regulation of the non-depository financial services
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The Division of Finance (The Division) consists of?
- Bureau of Finance Regulation
- Bureau of Money Transmitter Regulation
- Bureau of Regulatory Review
- Director's office - Budge, Fiscal and Technology Unit
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The Bureau of Finance Regulation does?
examines licensed non-depositry financial service companies...including individual mortgage brokers and businesses, mortgage lenders and correspondent lenders, consumer finance companies, etc.
to determine compliance with the applicable statutes and rules.
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The Bureau of Regulatory Review does?
- Reviews applications for licensure and registration
- Monitors compliance with ongoing licensing, filings, and processing of license and registration renewals.
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The Division has regulatory authority over state chartered commercial banks, credit unions, savings associations, savings banks, credit card banks, non-deposti trust companies, etc. True or False
True
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