Banking Bureau (Cont.) The Examinations Division: reviews applications for DC banking charters, branches, mergers, and other activities of DC chartered banks; examines DC chartered banks for safety and soundness and compliance with law and regulation; examines DC licensed nondepository financial institutions for safety and soundness and compliance with law and regulation; works with federal and state bank supervisory agencies on matters of mutual interest; and reviews banking law and regulation to determine applicability to DC chartered and licensed institutions. The Licensing Division: reviews license applications for nondepository financial institutions including check cashers, consumer credit service organizations, money lenders, money transmitters, mortgage brokers and lenders, and consumer sales finance companies; maintains and updates the nondepository licensing database; reviews annual reports received from mortgage brokers and lenders and issues annual assessment invoices; collects and processes the ATM registrations and fees paid by licensed entities; responds to consumer and professional inquiries about licensing requirements; and assists licensees with on-site completion of licensing applications. Page 2 of 2      1  2