3 CRR-NY 97.7NY-CRR
3 CRR-NY 97.7
3 CRR-NY 97.7
97.7 Examination of credit union organizations.
No credit union shall invest in or make loans to any credit union organization after the effective date of this Part, unless and until it has filed with the superintendent a letter agreement from the credit union organization which:
(a) states that the credit union organization is subject to the general supervision of the department;
(b) permits periodic examinations of the credit union organization, as the superintendent deems necessary; and
(c) states that the credit union will reimburse the department for the total cost of such examinations.
3 CRR-NY 97.7
Current through January 31, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.