Section 19-14-19. – Filing findings on revocation or suspension.
§ 19-14-19. Filing findings on revocation or suspension. Whenever the director, or the director’s designee, shall revoke or suspend a license issued pursuant to this chapter, the director shall file, in his or her office, a written order to that effect containing the evidence and the reason(s) supporting the revocation or suspension, and serve upon […]
Section 19-14-20. – Books, accounts, and records.
§ 19-14-20. Books, accounts, and records. (a) The licensee shall keep and use any books, accounts, and records, that may be maintained by optical imaging, as will enable the director, or the director’s designee, to determine whether the licensee is complying with the provisions of this title and with the rules and regulations lawfully made […]
Section 19-14-5. – Minimum capital.
§ 19-14-5. Minimum capital. Each licensee, licensed pursuant to an application for license filed after June 30, 1995, shall maintain the following minimum-net worth to be evidenced in accordance with regulations promulgated by the director, or the director’s designee. (1) Small-loan lenders, the sum of twenty-five thousand dollars ($25,000); (2) Loan brokers, the sum of […]
Section 19-14-21. – Advertising and misrepresentations.
§ 19-14-21. Advertising and misrepresentations. (a) No licensee or other person shall advertise, print, display, publish, distribute, telecast, or broadcast, or cause or permit to be advertised, printed, displayed, published, distributed, telecast, or broadcast, in any manner whatsoever any false, misleading, or deceptive statement or representation with regard to the rates, terms, or conditions for […]
Section 19-14-6. – Bond of applicant.
§ 19-14-6. Bond of applicant. (a) An applicant for any license shall file with the director, or the director’s designee, a bond to be approved by him or her in which the applicant shall be the obligor. (b) The amount of the bond shall be as follows: (1) Small-loan lenders, the sum of ten thousand […]
Section 19-14-22. – Reporting requirements.
§ 19-14-22. Reporting requirements. (a) Each licensee shall annually file a report with the director, or the director’s designee, on a quarterly basis, giving any relevant information that the director, or the director’s designee, may reasonably require concerning the business and operations during the reporting period of each licensed place of business conducted by the […]
Section 19-14-7. – Issuance or denial of license.
§ 19-14-7. Issuance or denial of license. (a) Upon the filing of a completed application, the payment of fees and the approval of the bond, the director, or the director’s designee, shall commence an investigation of the applicant. (b) After the investigation determines that a completed application has been filed, the director, or the director’s […]
Section 19-14-23. – Examinations and investigations.
§ 19-14-23. Examinations and investigations. (a) For the purpose of discovering violations of this title or securing information lawfully required, the director, or the director’s designee(s), may at any time investigate the loans and business and examine the books, accounts, records, and files used therein, of every licensee and person who shall be engaged in […]
Section 19-14-8. – Denial of license due to incomplete application.
§ 19-14-8. Denial of license due to incomplete application. If the applicant has failed to provide the information requested by the department to complete the application, the director, or the director’s designee, shall notify the applicant, in writing, that the application shall be considered withdrawn if all information requested is not received within thirty (30) […]
Section 19-14-24. – Tying with other business.
§ 19-14-24. Tying with other business. No licensee shall condition any sale on the requirement that the consumer purchase any other product or service from a specified provider including those providers with whom the licensee is sharing office space. History of Section.P.L. 1995, ch. 82, § 52; P.L. 2022, ch. 338, § 3, effective June […]