ORS 722.438¹
Extended audit, examination or revaluation
  • payment of costs

(1) If in the opinion of the Director of the Department of Consumer and Business Services the examination conducted under ORS 722.436 (Examinations by director) fails to disclose the true financial condition of an association, the director may in order to ascertain its true financial condition:

(a) Make an extended audit or examination of the association or cause such an audit or examination to be made by an independent auditor.

(b) Make an extended revaluation of any of the assets or liabilities of the association or cause an independent appraiser to make such a revaluation.

(2) The director shall collect from the association a reasonable sum for actual and necessary expenses of such an audit, examination or revaluation. [1975 c.582 §119]

1 Legislative Counsel Committee, CHAPTER 722—Savings Associations, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­722.­html (2007) (last ac­cessed Feb. 12, 2009).
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information