7-7-38 - Reports and examinations required -- Access to records. - Utah Statutes

7-7-38. Reports and examinations required -- Access to records.
Every association shall file such reports and be subject to such examinations as may berequired by the commissioner under the provisions of Title 7, Chapter 1, Part 3, Powers andDuties of Commissioner of Financial Institutions. In lieu of any examination required under thatarticle, 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'ssupervisory authority of another state. The commissioner, the supervisor, or their examiners orauditors shall have free access to all books and papers of an association, savings and loan holdingcompany or any subsidiary thereof, the principal office of which is located in this state.

Amended by Chapter 356, 2009 General Session