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South Carolina Installment Loans Direct Lenders

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

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

At least one time every year the unit of finance institutions shall make an study of the business enterprise, loans, publications, documents, and documents of every licensee up to now 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 true purpose of discovering violations, the division may whenever you want investigate the business enterprise and examine the books, records, documents, and records used therein, of:

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

(C) anyone who the unit has reasonable cause to think has violated, is violating, or perhaps is going to break sections 1321.01 to 1321.19 associated with the Revised Code, whether or perhaps not the person claims to behave under such parts. For the true purpose of this area, any individual who advertises, solicits, or holds self away as ready to make, find, or arrange for the next individual which will make loan deals into the amount or associated with the worth of five thousand bucks or less, is assumed become involved with the company described in the 1st paragraph of part 1321.02 associated with the Revised Code.

For the true purpose of this section, the unit shall have and become offered free use of the workplaces and places of company, files, safes, and vaults of most such persons, and may 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 examination, research, or hearing. The unit may necessitate the attendance of these witnesses and also the creation of such books, records, and documents, since might be needed either because of the unit or by any party up to a hearing prior to the unit, as well as that function may issue a subpoena for almost any witness or perhaps a subpoena duces tecum, to compel the creation of any publications, documents, or documents, directed to your sheriff of this county where such witness resides or perhaps is found, which will be offered and came back very much the same as being a subpoena in unlawful situations is offered and returned.