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Pennsylvania · Through 2024-03-04 (Statute Update stamp, 17 Pa.C.S.)

17 Pa.C.S. § 1503: Supervision by department.

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Where this section sits in the code
  1. Title 17 - CREDIT UNIONS
  2. CHAPTER 15 OUT-OF-STATE CREDIT UNIONS

(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.

Collected 2026-09-02T16:31:23Z. Source file · JSON

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