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

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

One or more times every year the unit of finance institutions shall make a study of the business enterprise, loans, books, documents, and records of every licensee thus far if it is necessary for the proper administration of sections 1321.01 to 1321.19 of the Revised Code as they pertain to the licensed business, and it may make such an examination more frequently.

For the intended purpose of discovering violations, the unit may whenever you want investigate the business enterprise and examine the books, records, documents, and records utilized therein, of:

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

(C) anyone whom the unit has reasonable cause to believe has violated, is breaking, or is going to break parts 1321.01 to 1321.19 associated with Revised Code, whether or perhaps not the person claims to act 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.

For the intended purpose of this part, the division shall have and start to become offered free usage of the offices and places of company, files, safes, and vaults of all such individuals, and can even need the attendance of, and examine under oath, anyone in accordance with such loans or such company or even the topic matter of any assessment, research, or hearing. Continue reading 1321.07 Annual study of licensee – charges and mileage of sheriff and witnesses – subpoena.