7-7-38.   Reports and examinations required -- Access to records.
     Every association shall file such reports and be subject to such examinations as may be required by the commissioner under the provisions of Title 7, Chapter 1, Part 3, Powers and Duties of Commissioner of Financial Institutions. In lieu of any examination required under that article, the commissioner may accept any examination made by the Office of Thrift Supervision, the Federal Deposit Insurance Corporation, or their successor federal agencies, or an association's supervisory authority of another state. The commissioner, the supervisor, or their examiners or auditors shall have free access to all books and papers of an association, savings and loan holding company or any subsidiary thereof, the principal office of which is located in this state.

Amended by Chapter 356, 2009 General Session
Download Code Section Zipped WordPerfect 07_07_003800.ZIP 1,921 Bytes


Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page

Last revised: Thursday, May 28, 2009