Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-294 Investigations generally

§ 6.1-294. Investigations generally

For the purpose of discovering violations of this chapter or securing information lawfully required under it, the Commission or its duly authorized representative may at any time investigate the loans, books and records of any person who is engaged, or appears to the Commission to be engaged, in the business of making small loans as defined and described in, and required to be licensed and supervised under, this chapter, particularly in § 6.1-249, or who advertises for, solicits, or holds himself out as willing to make, loans in amounts of the then established size of loan ceiling or less, or who the Commission has reason to believe is violating any provision of this chapter, whether such person shall act or claim to act under or without the authority of this chapter, or as principal, agent, broker or otherwise. In furtherance of the investigation the Commission through its duly authorized representatives shall have and be given free access to the offices, places of business, books, papers, accounts, records, files, safes, and vaults of all such persons, and shall have authority to require attendance of witnesses and to examine under oath any person whose testimony may be required relative to any such loans or business or to the subject matter of the investigation, examination or hearing.

(Code 1950, § 6-323; 1956, c. 71; 1966, c. 584; 1968, c. 489; 1974, c. 371.)

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Last modified: April 16, 2009