Authority to conduct examinations

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  • (a) The Commission shall conduct examinations of a licensee with or without notice when deemed appropriate by the Commission.

  • (b) The Commission shall examine the licensee without having given notice, if the Commission has reason to believe that the licensee is engaging in an unsafe or unsound practice or has violated or is violating this chapter or a rule or regulation adopted or an order issued pursuant to this chapter.

  • (c) If the Commission concludes that an on-site or remote examination, or both an on-site and remote examination under subsection (b), of this section, are necessary, the licensee shall pay all costs of the examination reasonably incurred by the Commission.

  • (d) Information obtained during an examination under this Subarticle may be disclosed only as provided in section 628 of this title.


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