Examination Authority and Cooperation

Section 185.460  Examination Authority and Cooperation a)         Pursuant to the Secretary's authority under the ILCRA, including, but not limited to, Sections 35-15 and 35-25 of the ILCRA. The Secretary or appointees may examine the entire books, records, documents, and operations of each credit union, affiliates, or agents, and may examine any credit union, its affiliates', or agents' officers, directors, employees, and agents under oath. b)         A credit union shall be required to fully cooperate in any examination conducted pursuant to this Part. Cooperation includes, but is not limited to: 1)         timely and full production of books, records, and documents, in any reasonable format requested by the Department; and 2)         ensuring all officers, directors, employees, and agents of the credit union are available for depositions or interviews upon reasonable notice. 3) Except as otherwise specified in ILCRA or this Part, examination related to this Part shall be conducted consistent with 205 ILCS 305/9(3.5), 38 Ill. Adm. Code 190.25, and accompanying regulatory guidelines (Guidelines for Regulatory Scope, Clarity and Resolution of Examination Items) found on the Department's website.