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(2) The official administrator in his report shall classify the assets in accordance with applicable asset classification criteria.

(3) Not later than ninety days after the appointment, the official administrator shall prepare and deliver to the Central Bank a report on the financial condition and future prospects of the licensed financial institution or licensed financial holding company.

(4) The official administrator shall include in the report an assessment of the amount of assets likely to be realized in a liquidation of the licensed financial institution or licensed financial holding company.

(5) In the report referred to under subsection (3), the official administrator shall propose a plan of action which, as appropriate, may recommend: (a) returning the licensed financial institution or licensed financial holding company to compliance with the provisions of this Act by carrying out a plan of corrective actions that may include a capital increase; (b) compulsory liquidation of the licensed financial institution or licensed financial holding company if there is no reasonable prospect for the return of the licensed financial institution or licensed financial holding company to financial soundness through reorganization or otherwise; or (c) any other course of action designed to resolve the licensed financial institution or licensed financial holding company in a manner that minimizes disruption to depositors and preserves the stability of the financial system.

(6) The official administrator shall promptly provide any additional report or information requested by the Central Bank.

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