Archive for the ‘Legit Installment Loans In New York’ Category

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

Friday, July 31st, 2020

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

At least one time each year the unit of finance institutions shall make an examination of the business enterprise, loans, publications, documents, and documents of every licensee up to now because they pertain into the licensed business, also it can make this kind of assessment more often when it is essential for the correct management of parts 1321.01 to 1321.19 for the Revised Code.

For the intended purpose of discovering violations, the unit may at any time investigate the business and examine the books, records, papers, and records utilized therein, of:

(B) Other persons involved in business described in section 1321.02 of the Revised Code or taking part in such company as major, agent, broker, or elsewhere;

(C) anyone who the unit has cause that is reasonable believe has violated, is breaking, or perhaps is going to break parts 1321.01 to 1321.19 for the Revised Code, whether or perhaps not the person claims to behave under such parts. Any person who advertises, solicits, or holds self out as willing to make, find, or arrange for another person to make loan transactions in the amount or of the value of five thousand dollars or less, is presumed to be engaged in the business described in the first paragraph of section 1321.02 of the Revised Code for the purpose of this section.

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…)