One or more times every year the unit of banking institutions shall make an study of the business enterprise, loans, publications, documents, and documents of every licensee to date while they relate to the licensed company, plus it can make this kind of assessment more often in case it is required for the correct management of parts 1321.01 to 1321.19 associated with the Revised Code.
For the intended purpose of discovering violations, the division may whenever you want investigate the business enterprise and examine the books, reports, documents, and records utilized therein, of:
(B) Other individuals involved in business described in section 1321.02 of the Revised Code or taking part in such business as major, representative, broker, or perhaps;
(C) anybody who the unit has reasonable cause to think has violated, is breaking, or perhaps is going to break parts 1321.01 to 1321.19 regarding the Revised Code, whether or otherwise not the person claims to do something 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. The unit may necessitate the attendance of these witnesses together with creation of such books, documents, and papers, because could be needed either because of the unit or by any celebration to a hearing ahead of the division, as well as that purpose may issue a subpoena for just about any witness or even a subpoena duces tecum, to compel the manufacturing of any publications, records, or documents, directed to your sheriff associated with the county where witness that is such or is discovered, which will be offered and came back in much the same as a subpoena in unlawful situations is offered and came back. Continue reading