The director, or the director’s designee, may make or cause to be made an examination of each bank in order to fulfill the requirements of this chapter. The total cost of these examinations shall be borne by the bank so examined and shall be governed by the same terms and conditions as the examinations of regulated institutions. In lieu of this examination, the director, or the director’s designee, may accept the report of an examination made by the equivalent supervisory official of another state, pursuant to the laws of that state.
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