CMP.2.3.120 Authority Regulations

(a) Regulations may be necessary to carry out the implementation and orderly performance of the Authority's duties and powers. Regulations may include, but shall not be limited to, the following:

(1) The making of findings or other information required by or necessary to implement this Code;

(2) Interpretation and application of this Code, as may be necessary to enforce the Authority's duties and exercise its powers;

(3) A regulatory system for overseeing Consumer Financial Services, including accounting, contracting, management and supervision;

(4) The conduct of inspections, investigations, hearings, enforcement actions and other powers of the Authority authorized by this Code; and

(5) Specification of the amount and the schedule of applicable Licensing and examination fees that shall be imposed by the Authority.

(b) Promulgation of Regulations. The Authority may promulgate regulations as follows:

(1) The Authority may propose a regulation at any time. A Licensee may propose a regulation by submitting a written request and draft of the proposed regulation to the Authority.

(2) Before promulgating any regulation, the Authority will notify the Tribe and all Licensees of the proposed regulation by publishing notice on the Authority's website or by other means determined to ensure timely notice. Such notification will include a description of the regulation and the reason for its considered implementation.

(3) After notice is sent, the Authority will allow a reasonable time for any Licensee to submit written comments on the proposed regulation that support, oppose, or suggest amendments.

(4) After the comment period has expired, the Authority will either: amend the proposed regulation and allow a new comment period; promulgate and publish the proposed regulation with a separate written response to any comments; or decline to promulgate the regulation. The Authority shall notify the Tribe and Licensees of its decision by publishing notice on the Authority's website or by other means determined to ensure timely notice.

(5) The Governing Board may promulgate or rescind any regulation at any time by majority vote. The Governing Board is in no way bound by this section.

(6) Only regulations promulgated by the Authority in accordance with this procedure or by the Governing Board will be enforceable by the Authority.

(c) Dispute Resolution Regulations. The Authority shall promulgate regulations providing procedures that govern the consumer dispute resolution processes provided in §§ Section CMP.2.9.030 and Section CMP.2.9.040 of this Code.