SECTIONS 16150-16154 - California Statutes

FINANCIAL CODE

SECTION 16150-16154

16150. (a) The commissioner may at any time investigate into the
affairs and examine the books, accounts, and other records of a
foreign (other state) credit union and of any subsidiary thereof.
(b) The commissioner and any person designated by him or her shall
have free access to any office of the foreign (other state) credit
union and to its books, accounts, and other records.

16151. The commissioner may make any examination of a foreign
(other state) credit union at any office of the commissioner. The
commissioner may make an examination of any office, within or outside
of this state, of a foreign (other state) credit union that
maintains an office in this state.

16152. (a) Each foreign (other state) credit union shall, within 10
days after receipt or within any extended time that the commissioner
may specify, file with the commissioner a copy of any audit report
obtained by, and of any examination report prepared for or of, the
foreign (other state) credit union.
(b) Each foreign (other state) credit union shall file with the
commissioner a copy of any response made by the foreign (other state)
credit union to an audit or examination report referred to in
subdivision (a) within 10 days after making the response or within
any extended time that the commissioner may specify.

16153. A foreign (other state) credit union shall file with the
commissioner any other report as the commissioner may from time to
time require. Each report shall be in the form, contain the
information, and be filed on the date, as may be prescribed by the
commissioner.

16154. A foreign (other state) credit union that maintains a
California branch office or California facility, if required by the
commissioner, shall make, keep, and preserve, at the branch office,
facility, or at any other place that the commissioner may by
regulation or order approve, the books, accounts, and other records
relating to the business of the California branch office or
California facility, in the form, in the manner, and for the time
that the commissioner may by regulation or order require.