2012 Pennsylvania Consolidated Statutes
Title 17 - CREDIT UNIONS
Chapter 15 - Out-of-State Credit Unions
Section 1503 - Supervision by department

     § 1503.  Supervision by department.
        (a)  General rule.--The department may examine an out-of-
     State credit union:
            (1)  to the same extent that a Pennsylvania credit union
        is examined by the regulatory agency with jurisdiction over
        credit unions in the state in which the out-of-State credit
        union is incorporated; or
            (2)  pursuant to an agreement between the department and
        the regulatory agency with jurisdiction over credit unions in
        the state in which the out-of-State credit union is
        incorporated.
        (b)  Reports of other examinations.--The department may
     require, as a condition for permitting an out-of-State credit
     union to operate or to continue to operate in this Commonwealth,
     that the regulatory agency with jurisdiction over the out-of-
     State credit union furnish reports of examination regarding the
     out-of-State credit union to the department.
     (Dec. 9, 2002, P.L.1572, No.207, eff. 60 days)

        2002 Amendment.  Act 207 amended the section heading and
     subsec. (a).