AUTHORITY TO REQUIRE REPORTS BY ENTERPRISES.

SEC. 1314. AUTHORITY TO REQUIRE REPORTS BY ENTERPRISES. (a) Special Reports and Reports of Financial Condition.— (1) Financial condition.—The Director may require an enterprise to submit reports of financial condition and operations (in addition to the annual and quarterly reports required under section 309(k) of the Federal National Mortgage Association Charter Act and section 307(c) of the Federal Home Loan Mortgage Corporation Act). (2) Special reports.—The Director may also require an enterprise to submit special reports whenever, in the judgment of the Director, such reports are necessary to carry out the purposes of this title. (3) Limitation.—The Director may not require the inclusion, in any report pursuant to paragraph (1) or (2), of any information that is not reasonably obtainable by the enterprise. (4) Notice and declaration.—The Director shall notify the enterprise, a reasonable period in advance of the date for submission of any report under this subsection, of any specific information to be contained in the report and the date for the submission of the report. Each report under this sub-section shall contain a declaration by the president, vice president, treasurer, or any other officer designated by the board of directors of the enterprise to make such declaration, that 106 STAT. 3947the report is true and correct to the best of such officer’ knowledge and belief. (b) Capital Distributions.—The Director may require an enterprise to submit a report to the Director after the declaration of any capital distribution by the enterprise and before making the capital distribution. The report shall be made in such form and under such circumstances and shall contain such information as the Director shall require.