§ 24-4.5-6-106.5 — Powers of director

Indiana § 24-4.5-6-106.5

• Jurisdiction: Indiana
• Art. 4.5: UNIFORM CONSUMER CREDIT CODE
• Ch. 6: Administration

Text

5. To carry out the purposes of this
chapter, the director may:
(a) retain attorneys, accountants, or other professionals and
specialists as examiners, auditors, or investigators to conduct or
assist in the conduct of examinations or investigations;
(b) enter into agreements or relationships with other government
officials or regulatory associations to improve efficiencies and
reduce regulatory burden by sharing:
(i) resources;
(ii) standardized or uniform methods or procedures; and
(iii) documents, records, information, or evidence obtained
under this section;
(c) use, hire, contract, or employ public or privately available
analytical systems, methods, or software to examine or investigate
a licensee, an individual, or a person subject to this article;
(d) accept and rely on examination or investigation reports made
by other government officials, in or outside Indiana;
(e) accept audit reports made by an independent certified public
accountant for the licensee, individual, or person subject to this
article in the course of that part of the examination covering the
same general subject matter as the audit and may incorporate the
audit report in the report of the examination, report of
investigation, or other writing of the director; and
(f) use, hire, contract, or employ public or privately available
analytical systems, methods, software, or technology solutions to
enable the department to capture and examine transaction level
activity to:
(i) verify and oversee compliance with; and
(ii) enforce;
all state law concerning a small loan regulated under IC 24-4.5-7.

Legislative History

As added by P.L.35-2010, SEC.67. Amended by P.L.60-2018, SEC.1.