The supervisor may accept the report of examination of any association by the federal home loan bank board or the federal savings and loan insurance corporation in lieu of any examination required by the Savings and Loan Act. If the supervisor examines or causes to be examined any association in conjunction with an examination by any of these federal agencies, the examination shall be deemed equivalent to two separate examinations.
§ 58-10-78 NMSA 1978
Federal examination
Known as the Savings and Loan Act
The act spans §§ 58-10-1 to 58-10-99 (111 sections).
1953 Comp., § 48-15-120, enacted by Laws 1967, ch. 61, § 76.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.