There Is a Newer Version of the U.S. Code
  1. 2024 U.S. Code
  2. 2023 U.S. Code
  3. 2022 U.S. Code
  4. 2000 U.S. Code (here)
  5. View All Versions
View Our Newest Version Here

2000 U.S. Code
Title 12 - BANKS AND BANKING
CHAPTER 46 - GOVERNMENT SPONSORED ENTERPRISES
SUBCHAPTER I - SUPERVISION AND REGULATION OF ENTERPRISES
Part A - Financial Safety and Soundness Regulator
Sec. 4517 - Examinations

View Metadata
Metadata
Publication TitleUnited States Code, 2000 Edition, Title 12 - BANKS AND BANKING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 12 - BANKS AND BANKING
CHAPTER 46 - GOVERNMENT SPONSORED ENTERPRISES
SUBCHAPTER I - SUPERVISION AND REGULATION OF ENTERPRISES
Part A - Financial Safety and Soundness Regulator
Sec. 4517 - Examinations
Containssection 4517
Date2000
Laws in Effect as of DateJanuary 2, 2001
Positive LawNo
Dispositionstandard
Source CreditPub. L. 102-550, title XIII, §1317, Oct. 28, 1992, 106 Stat. 3949.
Statutes at Large Reference106 Stat. 3949
Public Law ReferencePublic Law 102-550

Download pdf

§4517. Examinations (a) Annual examination

The Director shall annually conduct an on-site examination under this section of each enterprise to determine the condition of the enterprise for the purpose of ensuring its financial safety and soundness.

(b) Other examinations

In addition to annual examinations under subsection (a) of this section, the Director may conduct an examination under this section whenever the Director determines that an examination is necessary to determine the condition of an enterprise for the purpose of ensuring its financial safety and soundness.

(c) Examiners

The Director shall appoint examiners to conduct examinations under this section. The Director may contract with the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, or the Director of the Office of Thrift Supervision for the services of examiners. The Director shall reimburse such agencies for any costs of providing examiners from amounts available in the Federal Housing Enterprises Oversight Fund.

(d) Law applicable to examiners

The Director and each examiner shall have the same authority and each examiner shall be subject to the same disclosures, prohibitions, obligations, and penalties as are applicable to examiners employed by the Federal Reserve banks.

(e) Technical experts

The Director may obtain the services of any technical experts the Director considers appropriate to provide temporary technical assistance relating to examinations to the Director, officers, and employees of the Office. The Director shall describe, in the record of each examination, the nature and extent of any such temporary technical assistance.

(f) Oaths, evidence, and subpoena powers

In connection with examinations under this section, the Director shall have the authority provided under section 4641 of this title.

(Pub. L. 102–550, title XIII, §1317, Oct. 28, 1992, 106 Stat. 3949.)

Section Referred to in Other Sections

This section is referred to in sections 4513, 4516, 4521 of this title.

Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the U.S. site. Please check official sources.