Vermont Statutes Title 8. Banking and Insurance, § 11602. Power of Commissioner to impose corrective action

(1) maintain its accounts in accordance with such rules as he or she may prescribe having regard to the size of the organization;

(2) observe methods and standards that he or she may prescribe for determining the value of various types of assets;

(3) charge off or sell the whole or part of an asset that was acquired in violation of the financial institutions' investment policy or an order of the Commissioner;

(4) write down an asset to its market value;

(5) record liens and other interests in property;

(6) obtain a financial statement from a borrower to the extent that the financial institution can do so;

(7) obtain insurance against damage to real estate taken as security;

(8) search, or obtain insurance of, the title to real estate taken as security; and

(9) maintain adequate insurance against such other risks as the Commissioner may deem necessary and appropriate for the protection of depositors and the public.