U.S. District Court Rules That OTS Opinion Letter On Exclusive Agents Preempts State Banking Statute

Question: Does the preemptive authority of a federally chartered thrift extend to its exclusive agents?Answer: Yes, according to the U.S. District Court for the District of Connecticut in State Farm Bank, F.S.B. v. Burke, D. Conn., No. 3:05 cv 808, order filed…

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