The new DFS normally penalize violations of one’s terms away from S

The new DFS normally penalize violations of one’s terms away from S S.B. 5470 exempts certain entities and you can transactions. 18 The exempt organizations are financial institutions, that are discussed to provide condition or federally chartered depository institutions. 19 Bank holding companies, discounts and you will financing carrying organizations and their low-bank subsidiaries aren’t provided when you look at …