- (1) A credit union shall report to the Director any major change that affects bookkeeping or accounting systems, methods and procedures at least 60 days prior to implementation of the change to permit the Director to schedule examinations appropriately.
- (2) Any contract or agreement by a credit union to purchase accounting services shall include a clause acknowledging the right of the Director or authorized representatives to examine any and all records of the credit union on the premises of the servicer.
Statutory/Other Authority
ORS 723.102
Statutes/Other Implemented
ORS 723.116 & 723.152
History
Renumbered from 441-710-0110, FCS 2-2005, f. & cert. ef. 8-25-05
BB 4-1982, f. 8-24-82, cert. ef. 9-1-82, Renumbered from 805-072-0160