The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- Maryland; Office of the Commissioner of Financial Regulation · Maryland
- Level
- Sector regulator
- Authority
- Md. Code, Fin. Inst. § 2-105; § 5-1002
- Issued
- 2020-03-19 Mar. 19, 2020
- Effective
- 2020-03-19
- End
- Not rescinded (read as 2021-09-30)
- In force
- Mar. 19, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Business closureWorkplace rulesOther
- Addressees
- all Maryland-chartered banks, credit unions and other financial institutions supervised by the OCFR
- Functions reached
- BR branches and lobbies (closures and drive-through-only operation on notice)
- AT drive-up and ATM
- OP
- WF staffing
- Character
- context
- Collection
- State insurance and banking regulators AGY-ST-INSURANCE-BANKING
Operative words
The OCFR understands that financial institutions may need to temporarily close a facility due to staffing challenges or to take precautionary measures. [Institutions may restrict] traffic within the lobby of a branch and provide services only through the drive-through lanes. The OCFR encourages financial institutions to reduce disruptions to their customers, provide alternative service options when practical, and reopen affected facilities when it is safe to do so. Please notify the OCFR of all temporary branch closure, lobby closures, and the use of drive-through only branch [operations].
Enforcement
Md. Code, Fin. Inst. § 5-1002 (branch closing notice); supervisory
Notes
Also announces examination adjustments 'making greater use of remote off-site reviews.'