6-128. Joint examinations; acceptance of federal
regulatory and other authorized examinations
A. The examination of a financial institution or enterprise may be made in
coordination with any authorized federal examination or an examination by another
state. The superintendent in his discretion may accept the examination report or other
information compiled or generated by a federal regulatory authority or by another state
regulatory authority that has jurisdiction over the financial institution or enterprise
in lieu of any examination authorized or required by the laws of this state. Acceptance
of the examination reports shall not be a waiver of the examination assessments provided
by law, and reports so accepted are considered for all purposes as an official report of
the department.
B. The superintendent may take any reasonable and lawful action to coordinate the
examination of financial institutions or enterprises, including:
1. Negotiating and entering into cooperative agreements with an agency of another
state or of the federal government.
2. Sharing information and reports with persons as prescribed by section 6-129.
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