§ 4517. Examinations
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/usc/title-12/section-4517A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Annual examination The Director shall annually conduct an on-site examination under this section of each regulated entity to determine the condition of the regulated entity for the purpose of ensuring its financial safety and soundness.
(b)Other examinations In addition to annual examinations under subsection (a), the Director may conduct an examination under this section of a regulated entity whenever the Director determines that an examination is necessary or appropriate.
(c)Examiners The Director shall appoint examiners to conduct examinations under this section. The Director may contract with the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, or the Federal Deposit Insurance Corporation for the services of examiners to conduct examinations under this section. The Director shall reimburse such agencies for any costs of providing examiners from amounts available in the Federal Housing Enterprises Oversight Fund.
(d)Inspector General There shall be within the Agency an Inspector General, who shall be appointed in accordance with section 403(a) of title 5.
(e)Law applicable to examiners The Director and each examiner shall have the same authority and each examiner shall be subject to the same disclosures, prohibitions, obligations, and penalties as are applicable to examiners employed by the Federal Reserve banks.
(f)Technical experts The Director may obtain the services of any technical experts the Director considers appropriate to provide temporary technical assistance relating to examinations to the Director, officers, and employees of the Office. The Director shall describe, in the record of each examination, the nature and extent of any such temporary technical assistance.
(g)Oaths, evidence, and subpoena powers In connection with examinations under this section, the Director shall have the authority provided under section 4641 of this title.
(h)Appointment of accountants, economists, and examiners
(1)Applicability This section shall apply with respect to any position of examiner, accountant, economist, and specialist in financial markets and in technology at the Agency, with respect to supervision and regulation of the regulated entities, that is in the competitive service.
(2)Appointment authority The Director may appoint candidates to any position described in paragraph (1)—
(A)in accordance with the statutes, rules, and regulations governing appointments in the excepted service; and
(B)notwithstanding any statutes, rules, and regulations governing appointments in the competitive service.
(i)Ombudsman The Director shall establish, by regulation, an Office of the Ombudsman within the Agency, which shall be responsible for considering complaints and appeals, from any regulated entity and any person that has a business relationship with a regulated entity, regarding any matter relating to the regulation and supervision of such regulated entity by the Agency. The regulation issued by the Director under this subsection shall specify the authority and duties of the Office of the Ombudsman.
(Pub. L. 102–550, title XIII, § 1317, Oct. 28, 1992, 106 Stat. 3949; Pub. L. 110–289, div. A, title I, §§ 1105(a), (b), (e), 1153(b)(1)(A), July 30, 2008, 122 Stat. 2667, 2668, 2774; Pub. L. 111–203, title III, § 365(2), July 21, 2010, 124 Stat. 1555; Pub. L. 117–286, § 4(b)(34), Dec. 27, 2022, 136 Stat. 4347.)
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register
- NoticesProposed regulation
- UnknownFinal regulation
- UnknownInterim final regulation with request for comments
- UnknownFinal regulation
- NoticesNotice of amendments and additions to the routine uses for FHFA-OIG's Privacy Act systems of records (SORs), updates, rewording, and technical changes to the system name, system location, categories of individuals covered by the system, categories of records in the system, purpose(s), retrievability, safeguards, retention and disposal, system manager(s) and address, notification procedures, record source categories, and exemptions claimed for one or more of FHFA-OIG's existing systems, and the creation of a new Privacy Act system of records (SOR)
- Rules and RegulationsNotice of a new system of records
- Proposed RulesNotice of proposed rulemaking; request for comments
- NoticesNotice of delegation of authorities
- NoticesNotice of the Revision and Establishment of Privacy Act Systems of Records
- Rules and RegulationsFinal rule
- Rules and RegulationsFinal rule
- Proposed RulesNotice of proposed rulemaking
- UnknownFinal rule
- Rules and RegulationsNotice of proposed rulemaking
- Rules and RegulationsNotice of proposed rulemaking
- Proposed RulesNotice of proposed rulemaking; with request for comments
- Rules and RegulationsFinal rule
- NoticesProposed rule
- NoticesNotice with request for comments
- Rules and RegulationsFinal rule
- Rules and RegulationsFinal rule
- UnknownInterim final rule with request for comments
- NoticesNotice of the creation of a new Privacy Act System of Records for the Office of Evaluations, the addition of a routine use for the Office of Audits' System of Records, and technical revisions to the existing systems of records
- NoticesNotice
- UnknownInterim Final Regulation with request for comments
- UnknownFinal rule
- Proposed RulesNotice of proposed rulemaking
- Rules and RegulationsNotification of approval and adoption of policy statement; request for comment
- Rules and RegulationsNotice of a new system of records
CFR
statute-compilations
statutes-at-large
- Public Law 102–550To amend and extend certain laws relating to housing and community development, and for other purposes
- Public Law 117–286To make revisions in title 5, United States Code, as necessary to keep the title current, and to make technical amendments to improve the United States Code
- Public Law 111–203To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes
- Public Law 110–289To provide needed housing reform and for other purposes
bill
- Sec. 254Examinations, reports, and cost estimates
- Sec. 504Preservation of attorney-client privilege for information provided to FHFA
- Sec. 510FHFA authority to regulate and examine contractual counterparties
- Sec. 214Examinations, reports, and cost estimates
- Sec. 601Preservation of attorney-client privilege for information provided to FHFA
- Sec. 607FHFA authority to regulate and examine contractual counterparties
- Sec. 4Technical amendments
- Sec. 4Technical amendments
- Sec. 4Technical amendments
- Sec. 4Technical amendments
- Sec. 4Technical amendments
Traces to 4 documents
16 references not yet in our index
- Pub. L. 102–550, title XIII, § 1317
- 106 Stat. 3949
- Pub. L. 110–289, div. A, title I
- 122 Stat. 2667
- Pub. L. 111–203, title III, § 365(2)
- 124 Stat. 1555
- 136 Stat. 4347
- Pub. L. 111–203
- Pub. L. 110–289, § 1105(a)(1)
- Pub. L. 110–289, § 1105(a)(2)
- Pub. L. 110–289, § 1105(a)(3)
- Pub. L. 110–289, § 1105(a)(4)
- Pub. L. 110–289, § 1153(b)(1)(A)
- Pub. L. 110–289, § 1105(b)
- Pub. L. 110–289, § 1105(e)
- section 351 of Pub. L. 111–203
Citation graph
cites case law
§ 4517
Examinations
Fed. Reg.×55
Bills×11
Stat.×7
C.F.R.×5
U.S.C.×3
Pub. L.×1
Stat. Comp.×1
Pub. L.Pub. L. 102–550, title XIII, § 1317
Stat.106 Stat. 3949
Pub. L.Pub. L. 110–289, div. A, title I
Stat.122 Stat. 2667
Pub. L.Pub. L. 111–203, title III, § 365(2)
Cites 20 · showing 9Cited by 83 across 7 sources