(1) If in the opinion of the Director of the Department of Consumer and Business Services the examination conducted under ORS 722.436 fails to disclose the true financial condition of an association, the director may in order to ascertain its true financial condition:
(a) Make an extended audit or examination of the association or cause such an audit or examination to be made by an independent auditor.
(b) Make an extended revaluation of any of the assets or liabilities of the association or cause an independent appraiser to make such a revaluation.
(2) The director shall collect from the association a reasonable sum for actual and necessary expenses of such an audit, examination or revaluation. [1975 c.582 §119]
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