HAR §16-26-5. Purpose of visitation

(a) The purpose of a visitation may include one or more of the following: (1) Determination of an institution's progress in complying with requirements of a formal corrective order or memorandum of understanding; (2) Determination of the reasons for an apparent adverse situation revealed by off-site review; (3) Determination of an institution's progress in improving the quality of its assets or correcting other deficiencies, since the last examination or visitation; or (4) Determination of the condition of an institution that is newly chartered, recently converted from a federal charter, or has recently undergone a change in management or control. (b) When circumstances warrant, a visitation may be expanded into an examination. A visitation by federal regulators may be accepted in lieu of a visitation by the division, as deemed appropriate by the commissioner. [Eff 8/13/87; comp 1/27/01] (Auth: HRS §§412:2-107, 412:2-200, 412:2-201) (Imp: HRS §§412:2-100, 412:2-200, 412:2-201, 412:11-102, 412:12-108, 412:13-223)