Section 16-26-5 - Purpose of visitation(a) The purpose of a visitation may include one or more of the following: (1) Determination of an institution's progress in complying with requirements of a formal corrective order or memorandum of understanding;(2) Determination of the reasons for an apparent adverse situation revealed by off-site review;(3) Determination of an institution's progress in improving the quality of its assets or correcting other deficiencies, since the last examination or visitation; or(4) Determination of the condition of an institution that is newly chartered, recently converted from a federal charter, or has recently undergone a change in management or control.(b) When circumstances warrant, a visitation may be expanded into an examination. A visitation by federal regulators may be accepted in lieu of a visitation by the division, as deemed appropriate by the commissioner.[Eff 8/13/87; comp 1/27/01] (Auth: HRS §§ 412:2-107, 412:2-200, 412:2-201) (Imp: HRS §§ 412:2-100, 412:2-200, 412:2-201, 412:11-102, 412:12-108, 412:13-223)