# D.C. Code § 26-551.10: Examinations of financial institutions

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.10

## Section

- **Citation:** D.C. Code § 26-551.10
- **Heading:** Examinations of financial institutions
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 26 / Chapter 5B / § 26-551.10

## Text

(a) The Commissioner shall hire and commission examiners who shall have the authority to examine any financial institution doing business in the District.
(b) In cooperation with the appropriate federal financial institutions agency, if any, the Commissioner shall examine, or cause to be examined, each financial institution doing business in the District at least once every 18 months. The examination shall analyze and determine whether the financial institution is in a safe and sound condition and operating in a safe and sound manner and shall monitor and determine the financial institution’s compliance with District and federal laws, regulations, and rules.
(c) The Commissioner may initiate a special examination of a financial institution whenever the Commissioner considers it necessary to ensure that the financial institution is being operated in a safe and sound manner and in compliance with District and federal laws, regulations, and rules.
(d) The Commissioner shall assess a fee, to be paid by the financial institution, for the expense of the examination under this section. The fee shall be determined as a percentage of the assets of the examined financial institution.

## Nearby sections

- [D.C. Code § 26-551.01 § 26-551.01. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.01.md)
- [D.C. Code § 26-551.02 § 26-551.02. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.02.md)
- [D.C. Code § 26-551.03 § 26-551.03. Administration of the District of Columbia Banking Code.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.03.md)
- [D.C. Code § 26-551.04 § 26-551.04. Appointment of the Commissioner of the Department of Banking and Financial Institutions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.04.md)
- [D.C. Code § 26-551.05 § 26-551.05. General powers and responsibilities of the Commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.05.md)
- [D.C. Code § 26-551.06 § 26-551.06. Establishment of the Financial Institutions Advisory Board.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.06.md)
- [D.C. Code § 26-551.07 § 26-551.07. Members of the Financial Institutions Advisory Board; compensation.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.07.md)
- [D.C. Code § 26-551.08 § 26-551.08. Organization and operation of the Board.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.08.md)
- [D.C. Code § 26-551.09 § 26-551.09. Weight of advice of the Board.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.09.md)
- [D.C. Code § 26-551.10 § 26-551.10. Examinations of financial institutions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.10.md)
- [D.C. Code § 26-551.11 § 26-551.11. Reports on financial institutions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.11.md)
- [D.C. Code § 26-551.12 § 26-551.12. Initiation of formal investigation of a financial institution.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.12.md)
- [D.C. Code § 26-551.13 § 26-551.13. Notice of charges; hearing; final order.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.13.md)
- [D.C. Code § 26-551.14 § 26-551.14. Notification of other government agencies.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C5B_S26-551.10. Check the current official text before relying on it. Not legal advice.