Financial Institutions

Regulatory Oversight

SECTION 19-4-15

§ 19-4-15. Examination of books to determine violations – Prosecution of offenses.

(a) The director, or the director's designee, shall have authority to examine, at any time, the accounts, books, and papers of any person in the business of receiving money on deposit, in order to ascertain whether the person has violated or is violating any provision of this title.

(b) Any person carrying on an unauthorized banking business shall forfeit to the state one thousand dollars ($1,000) a day for every day or part thereof during which the violation continues.

History of Section.
(P.L. 1995, ch. 82, § 42.)