Texas Finance Code

§ 342.552 — EXAMINATION OF LENDERS; ACCESS TO RECORDS

FI § 342.552Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 342. CONSUMER LOANS · Art. L. ADMINISTRATION OF CHAPTER

Statute text

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(a)The commissioner or the commissioner's representative shall, at the times the commissioner considers necessary:

(1)examine each place of business of each authorized lender; and

(2)investigate the lender's transactions, including loans, and records, including books, accounts, papers, and correspondence, to the extent the transactions and records pertain to the business regulated under this chapter.

(b)The lender shall:

(1)give the commissioner or the commissioner's representative free access to the lender's office, place of business, files, safes, and vaults; and

(2)allow the commissioner or the commissioner's authorized representative to make a copy of an item that may be investigated under Subsection (a)(2).

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Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.