Code 1950, §§ 6-323, 6-324, 6-325, 6-326; 1956, c

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Code 1950, §§ 6-323, 6-324, 6-325, 6-326; 1956, c

Code 1950, §§ 6-323, 6-324, 6-325, 6-326; 1956, c

Elizabeth. In case the Fee compels a guy perhaps not a good licensee otherwise a keen applicant for a licenses under so it section giving spoken testimony, the person very obligated to testify should not susceptible to violent prosecution and/or imposition of every punishment or forfeiture in the contact with the subject number on hence instance testimony are compelled.

F. The latest immunities given pursuant in order to subsections D and you can Elizabeth should perhaps not influence (i) any municipal best regarding action, maybe not connected with penalty or forfeiture, of every people and you will (ii) the fresh new expert of your Attorney General to institute and prosecute a beneficial continuing to own injunctive recovery as taken to in § six.2-1537.

The fresh Percentage should, as much because deems to be in anyone interest, glance at brand new factors, company, office, and you may information of any licensee that pertain to any company subscribed significantly less than that it section. Instance test should be presented at least one time in virtually any three-12 months period. The newest licensee shall present promptly by the post otherwise particularly affairs and you may statements about the its business transacted on Commonwealth the Percentage may demand sporadically.

All licensee should preserve the newest guides, accounts, and ideas for at least three years immediately after making the latest entryway on one loan registered therein

To help you defray the costs of examination, supervision and you will control away from authorized user finance companies, all of the licensee shall shell out an annual fee becoming calculated for the accordance which have a timetable place by Fee. The schedule shall happen a reasonable relationship to the complete assets, also money lower than so it part and other fund, of numerous licensees as well as their associates working during the licensed individual monetary institution workplaces, on the real price of their respective inspections, also to other variables relating to their oversight and you can controls. Charges will be reviewed pursuant compared to that point on the or prior to May step one of any calendar year. Every particularly costs is repaid because of the licensees towards the State Treasurer towards or before Summer step 1 following the per analysis.

A. Per licensee shall manage within the signed up user finance company workplace, otherwise at the instance almost every other put within this otherwise outside the Commonwealth while the the brand new Payment can get accept, instance guides, accounts, and facts because Payment may fairly wanted to determine whether the latest licensee is actually conforming with the provisions regarding the section and with legislation implemented inside the furtherance thereof. For example guides, account, and you may records should be managed from inside the papers form otherwise, for the Commission’s approval, in almost any electronic style designed for test based on pc published breeding, clips monitor, or any other typical. One instructions, profile, and you will details not was able in the report setting might be convertible to the clearly readable papers documents contained in this a while.

B. Or no note otherwise coverage drawn less than that it part will likely be sworn just like the collateral or placed within this otherwise beyond your Commonwealth, the fresh new licensee will alert punctually the fresh Fee written down of the label and you will located area of the people carrying for example papers. Earlier in the day approval of your own Fee will never be called for. Any sworn or placed papers is subject to test because of the this new Percentage prior to subsection Plaquemine same day payday loan C because fully since if handled in a medication venue.

C. The guides, profile, and suggestions can be at the mercy of examination because of the Fee

In the event the eg books, membership, and you may suggestions is checked beyond your Commonwealth, all sensible costs associated with such test are repaid because of the the licensee.

For every single licensee shall a-year, towards the otherwise just before April step one, document a research to your Fee giving such as relevant advice given that can get reasonably be needed regarding the the business and operations during the before calendar year about for every licensed consumer monetary institution work environment. Records should be made less than oath and you may might be in the form recommended of the Commission.

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