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1321.07 Yearly study of licensee – charges and mileage of sheriff and witnesses – subpoena.

Tuesday, July 21st, 2020

1321.07 Yearly study of licensee – charges and mileage of sheriff and witnesses – subpoena.

At least one time every year the unit of banking institutions shall make an study of the company, loans, publications, documents, and documents of every licensee to date while they pertain into the licensed company, plus it can make this kind of assessment more often when it is needed for the appropriate management of parts 1321.01 to 1321.19 associated with Revised Code.

The division may at any time investigate the business and examine the books, accounts, papers, and records used therein, of for the purpose of discovering violations

(B) Other people engaged in the company described in section 1321.02 of the Revised Code or taking part in such company as major, representative, broker, or else;

(C) anybody who the unit has cause that is reasonable think has violated, is breaking, or perhaps is planning to violate parts 1321.01 to 1321.19 associated with the Revised Code, whether or perhaps not the person claims to do something under such sections. For the true purpose of this part, any one who advertises, solicits, or holds self out as ready to make, find, or arrange for the next individual to help make loan deals when you look at the quantity or regarding the worth of five thousand bucks or less, is assumed become involved with business described in the 1st paragraph of area 1321.02 associated with the Revised Code.

The division shall have and be given free access to the offices and places of business, files, safes, and vaults of all such persons, and may require the attendance of, and examine under oath, any person relative to such loans or such business or to the subject matter of any examination, investigation, or hearing for the purpose of this section. (more…)