138.14(6)(b)2. 2. A licensee cannot promote merchandise or make additional business in the place of business specified into the permit unless created consent try provided toward licensee by the unit.
138.14(7)(the) (a) Except as provided in par. (b) , a licensee shall hold these types of products and files into the licensee’s place of business that, inside the advice on the unit, will enable the unit to ascertain conformity with this section. A licensee shall protect the documents of last admission utilized in such businesses for a time period of at the very least a couple of years following creating of any loan taped therein.
138.14(7)(b) (b) A licensee may keep carefully the courses and reports specified in level. (a) at a single place inside or beyond this state if the courses and files include stored at someplace of business registered under this area. A licensee shall arrange the books and data of the place of business where in fact the data got its start.
138.14(7)(c) (c) A licensee shall maintain the products and documents impacting financial loans produced pursuant to the area separate and distinct from files of any more businesses with the licensee.
138.14(7)(d) (d) A licensee shall create a yearly are accountable to the division for every single calendar year on or before March 15 for the next year. The report shall incorporate companies transacted of the licensee under this section and shall render all reasonable and pertinent information your division may require, such as the facts required for the unit’s research under par. (elizabeth) . The reports will probably be produced in the proper execution and fashion recommended from the unit.
The number of payday loans made throughout the preceding season that lead to repayment under sub
138.14(7)(e) (e) The unit shall publish an annual are accountable to the best waiting committees for the legislature in the manner provided under s. 13.172 (3) that features the following:
138.14(7)(e)4. 4. centered on subd. 3. , the typical annual percentage rate regarding payday advances produced during the preceding seasons.
The quantity of pay day loans produced through the preceding season that have been paid back together with the profits of a following pay day loan
138.14(7)(e)9. 9. The amount of pay day loans made during the preceding year for which an individual’s payment method ended up being dishonored or refused because of inadequate resources.
138.14(8)(b) (b) The division may promulgate these types of guidelines whilst views required for the management of this section, including formula establishing databases deal fees under sub. (14) (h) and various other costs regarded sensible and essential from the unit.
138.14(8)(c) (c) The unit shall have the same power to carry out hearings, capture testimony, and secure evidence as well as supplied in ss. 217.17 and 217.18 .
138.14(8)(d) (d) The division for the intended purpose of finding violations with this area may explore business of a licensee transacted under this section, and shall explore beliefs reported for the division by any section lawyer for violation by a licensee with this section. The place of companies, products of levels, papers, files, safes, and vaults of a licensee shall be available to check and examination by unit for the intended purpose of these investigation and division may read under oath all people whose testimony the unit may necessitate relative to these study.
138.14(8)(elizabeth) (e) the price of any examination, assessment, or Montana title loans hearing, like witness fees or any other expenses, carried out of the division under this point including a licensee shall be settled because of the licensee within thirty day period after need therefor because of the division, additionally the state may preserve a motion the healing of such expenses and costs.
