§ 7-1-201. Creation of department -- Organization.

(1) There is created the Department of Financial Institutions that is responsible for the execution of the laws of this state relating to a financial institution or other person subject to this title, and relating to the businesses that the financial institution or other person conducts. (2) The department organization includes: (a) the commissioner of financial institutions, who shall be the chief executive officer of the department; (b) the Board of Financial Institutions; (c) the chief examiner; (d) the deputy commissioner; (e) the supervisor of banks; (f) the supervisor of industrial banks; (g) the supervisor of credit unions; (h) the supervisor of money services businesses; (i) the supervisor of holding companies; and (j) other supervisors, examiners, and personnel as may be required to carry out the duties, powers, and responsibilities of the department. (3) A power or duty of the commissioner under this title may be exercised by the deputy commissioner or a supervisor described in Subsection (2) if the commissioner delegates in writing the authority to exercise the power or duty to the deputy commissioner or supervisor.