(205 ILCS 670/10) (from Ch. 17, par. 5410)
Sec. 10.
Investigation of conduct of business.
For the purpose of discovering violations of this Act or securing
information lawfully required by it, the Director may at any
time investigate the loans and business and examine the books, accounts,
records, and files used therein, of every licensee and of every person,
partnership, association, limited liability company,
and corporation engaged in the business
described in Section 1 of this Act, whether such person, partnership,
association, limited liability company, or corporation shall act or claim
to act as principal or agent
or within or without the authority of this Act. For such purpose the
Director shall have free access to the offices and places of business,
books, accounts, papers, records, files, safes, and vaults of such persons,
partnerships, associations, limited liability
companies, and
corporations. The Director may require
the attendance of and examine under oath all persons whose testimony he or
she may
require relative to such loans or such business, and in such cases the
Director shall have power
to administer oaths to all persons called as witnesses; and the Director may conduct such examinations.
The Director shall make an examination
of the affairs, business, office and records of each licensee at least once each year.
The Director shall by rule and regulation set the fee to be charged for
each examination day, including travel expenses for out-of-state licensed
locations. The fee shall reasonably reflect actual costs. The
Director shall also have authority to examine the books and records of any
business made by a former licensee which is being liquidated, as the
Director deems necessary, and may charge the examination fees otherwise
required for licensees.
(Source: P.A. 90-437, eff. 1-1-98.)
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