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

Age. If your Commission compels men not an excellent licensee or an candidate to possess a licenses around it section supply verbal testimony, the person so forced to testify should not subject to violent prosecution or the imposition of any penalty or forfeiture in connection with the topic count as to and that such testimony try compelled.

F. The immunities provided pursuant so you can subsections D and you can E should perhaps not hurt (i) people civil best regarding step, not of punishment otherwise forfeiture, of every individual and (ii) the latest power of your own Attorney General so you can institute and you may prosecute a beneficial continuing having injunctive rescue since the sent to when you look at the § 6.2-1537.

The latest Payment will, as frequently because deems to be in anyone interest, evaluate the brand new points, organization, office, and you will information of every licensee you to relate to any business subscribed less than which part. Such as for example examination will likely be used at least once in almost any about three-season several months. The newest licensee will furnish on time because of the mail if not such affairs and you may comments regarding the its team transacted in the Commonwealth that Percentage get request periodically.

All licensee shall keep new guides, membership, and ideas for at least 36 months shortly after deciding to make the final admission to your people mortgage filed therein

In order to defray the costs out-of examination, supervision and you will controls regarding subscribed user finance companies, every licensee will spend an annual commission to be computed inside the conformity having a routine put by the Payment. The new plan shall happen a fair relationship to the entire assets, plus loans less than which part or any other loans, of various licensees and their associates conducting business for the authorized consumer monetary institution practices, towards genuine cost of their particular inspections, and to other variables relating to their supervision and you may regulation. Fees can be assessed pursuant compared to that point into otherwise prior to Will get step 1 of any twelve months. Every such as for instance charges are paid from the licensees into County Treasurer toward or just before Summer 1 after the per review.

An excellent. Each licensee shall manage within the signed up user monetary institution work environment, otherwise at instance other put within this otherwise outside of the Commonwealth while the this new Fee will get accept, for example guides, account, and you may suggestions as the Commission may reasonably want to decide if the licensee is actually complying on provisions from the part and you will having rules accompanied in the furtherance thereof. Including books, levels, and information can be handled within the report function otherwise, to the Commission’s approval, in just about any digital style readily available for examination on such basis as computer released reproduction, video clips monitor, and other average. One courses, membership, and you can information perhaps not maintained in the report setting will likely be convertible toward clearly readable paper files within a reasonable time.

B. Or no note or shelter drawn significantly less than that it section are pledged since collateral or placed in this or beyond your Commonwealth, the fresh new licensee will alert timely this new Fee in writing of title and you can location of the individual carrying like papers. Early in the day acceptance of one’s Percentage should never be required. One sworn otherwise placed report should be subject to test because of the new Payment in accordance with subsection C as completely because if was able in the an approved location.

C https://paydayloansmissouri.org/cities/chesterfield/. The courses, levels, and suggestions might be subject to examination because of the Commission

If including instructions, account, and you will facts is checked-out outside of the Commonwealth, every practical expenses associated with such as for instance examination shall be reduced because of the new licensee.

For each and every licensee will annually, for the otherwise just before April step 1, file research for the Commission providing including related advice as the could possibly get fairly be needed about the its providers and processes into the before calendar year about for every single registered individual monetary institution office. Accounts shall be made around oath and you may can be regarding the mode given by the Commission.