Haw. Code R. § 16-26-16 - Institutions rated "3"
(a) Each
institution assigned a UFIRS or NRS composite rating of "3" is to be examined
at least once every twelve months. This interval may be extended up to every
eighteen months when a longer interval is deemed appropriate. Acceptable
reasons for extending an interval would include, but not be limited to:
compliance with enforcement actions, favorable financial trends, and
satisfactory improvement noted from meetings with the institution's management,
visitations, progress reports, or other sources of information.
(b) At least one visitation shall be
performed in each six-month period when an examination is not conducted. An
off-site review may be substituted for a visitation if no additional adverse
factors or trends are noted in the review.
(c) Additional examinations or visitations of
such institutions are encouraged when deemed necessary.
Notes
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