Section 18: Appointment and powers of examiners.

(1) There shall be an examiner who shall-
(a) be an officer of the Federal Mortgage Bank appointed by it with power to examine periodically the books and affairs of each and every mortgage institution;
(b) have the right of access at all times to the books, accounts and vouchers of the mortgage institution;
(c) be entitled to require from the officer and director of the mortgage institution such information and explanation as he thinks necessary for the performance of his duties;
(d) have access to any accounts, returns or information regarding mortgage institutions that are in the possession of the Federal Ministry of Finance.
(2) examiner shall make a report of his findings to the Federal Mortgage Bank which shall forward a copy of such report to the Minister.