-16 Maintenance of books and records. (a) Every small dollar lender shall retain in a safe and protected place those books and records that straight relate genuinely to any tiny buck loan made in this State, along with other publications and records as could be needed for the commissioner to make certain complete conformity aided by the rules for this State.
(b) All books and documents could be maintained as originals or photocopies, on microfilm or microfiche, on computer disks or tapes, or comparable forms; so long as the publications and records are easily available that will be effortlessly examined.
(c) All records, statements, and reports needed or authorized by this chapter will be manufactured in writing when you look at the English language.
(d) Every loan provider shall protect most of its documents for no less than six years and for a better or reduced period given that commissioner may recommend by guideline used pursuant to chapter 91.
Role II. LICENSING
-31 permit required. No individual, unless exempt under this chapter, shall become a dollar that is small in this State unless certified to take action because of the commissioner.