Texas Finance Code - Section 66.051. Examinations
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§ 66.051. EXAMINATIONS. (a) The commissioner shall
periodically examine the affairs of each association, including the
subsidiaries and transactions of the association and the dealings
of any savings and loan holding company that are related to the
savings and loan subsidiaries of the association.
(b) An examination must include an audit if an independent
audit is not available or is unsatisfactory to the commissioner.
(c) On completion of an audit, the auditor shall sign and
certify the audit report. A copy shall be filed promptly with the
commissioner.
(d) An examination under this section may be made in
conjunction with an examination by the Federal Home Loan Bank
Board, a Federal Home Loan Bank, or the Federal Deposit Insurance
Corporation. The commissioner shall accept an audit made by or
accepted by one of those agencies in an examination of an
association.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 65.103 65.104 65.105 65.106 65.107 66.001 66.002 66.051 66.052 66.053 66.054 66.101 66.102 66.103 66.104
Last modified: August 10, 2007
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