Those are the provisions. Thank you very much for that.
In terms of exemptions for branch closure, particularly in rural areas where there is no other financial institution, there's a six-month notice written in for notice of branch closure. It does provide though, under proposed section 627.994 that, “the Commissioner may, on the request of a member bank, exempt it from the requirement to give a notice” or “vary the time and manner in which such a notice is required to be given.”
Does that not water down the provisions that are included in the act forcing written notice?