1301:8-2-06. Location of a licensee's records out-of-state; out-of-state examination

In the event books, records, data and documents of a small loan licensee are located outside Ohio the small loan licensee shall be required, upon the request of the superintendent, to pay in advance the estimated costs of the examination of the small loan licensee outside the state of Ohio, including the proportionate cost of the salaries of division of financial institutions employees who conduct the examination. The estimated costs of an out-of-state examination, as determined by the superintendent, shall be deposited with the division upon demand. After the actual costs of the out-of-state examination have been determined, any funds in the deposit account in excess of costs as itemized by the division shall be returned to the small loan licensee.

Five Year Review (FYR) Dates: 03/23/2015 and 03/23/2020
Promulgated Under: 119.03
Statutory Authority: 1321.10
Rule Amplifies: 1321.04, 1321.07, 1321.09
Prior Effective Dates: 2/1/1986, 11/13/1997, 7/1/2008

Prior History: (Effective: 07/01/2008
R.C. 119.032 review dates: 02/11/2008 and 11/15/2012
Promulgated Under: 119.03
Statutory Authority: 1321.10(A)
Rule Amplifies: 1321.07, 1321.09, 1321.04
Prior Effective Dates: 2/1/86, 11-13-1997 )