SECTION 60.226. Examinations

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(a) The Commissioner will examine each savings association once in each year, or more frequently if the Commissioner determines that the condition of the savings association justifies more frequent attention to enforce the Texas Savings and Loan Act. The Commissioner may defer an examination for not more than six months if the Commissioner considers the deferment appropriate to the efficient enforcement of the Texas Savings and Loan Act and consistent with the safe and sound operation of the institution.
(b) An examination under this section may be performed jointly or in conjunction with an examination by the saving association's appropriate federal banking agency. The Commissioner may accept an examination made by such federal banking agency in lieu of an examination pursuant to this section.

Source Note: The provisions of this §60.226 adopted to be effective July 16, 2023, 48 TexReg 3644

                    
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