Title 7, Chapter 1, Section 594
(a) Banks or bank holding companies which are conducting agency
relationships must register with the department to ensure the
orderly and safe transaction of the banking business and to protect
the interest of the state's depositors and creditors. Each such
bank or bank holding company shall register with the department on
forms prescribed by the department, shall file according to
regulations issued by the department, may be subject to a
registration fee prescribed by regulations of the department, and
shall provide the name of the agent, the street address and
activities of the agent, a copy of the agency agreement, and such
other information as the department may require.
(b) An agency relationship as defined in paragraph (1.5) of Code Section 7-1-4 must be on terms consistent with safe and sound banking practices and protection of the consumers of this state. The department may review and, where lawful, regulate the operations of any agency relationship to ensure such compliance. An agency relationship must be reflected in a written agreement which provides for orderly resolution of customer complaints, record keeping, liability of the respective parties in the agency relationship, conformity to applicable principal-agent, banking, and other state law, and disclosure to the customer of all pertinent information.