Texas Finance Code

§ 348.514 — EXAMINATION; ACCESS TO RECORDS

FI § 348.514Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 348. MOTOR VEHICLE INSTALLMENT SALES · Art. F. LICENSING; ADMINISTRATION OF CHAPTER

Statute text

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

(1)examine each place of business of each license holder; and

(2)investigate the license holder's transactions 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 license holder shall:

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

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

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Legislative history

Acts 2009, 81st Leg., R.S., Ch. 676 (H.B. 2438), Sec. 10, eff. September 1, 2009.