Indiana § 28-8-6-403 Examination or investigation of a licensee by the director; provision of
records to the director by a licensee

Indiana Statutes

§ 28-8-6-403 — Examination or investigation of a licensee by the director; provision of records to the director by a licensee

Indiana·Art. 8 FINANCIAL SERVICES·Ch. 6 Indiana Earned Wage Access Act

Effective 1-1-2026. Sec. 403.

(a)The director may conduct an examination or investigation of a licensee or otherwise take independent action authorized by this chapter, or by a rule adopted or order issued under this chapter, as reasonably necessary or appropriate to administer and enforce this chapter and rules implementing this chapter. The director may:

(1)conduct an examination either onsite or offsite as the director may reasonably require;

(2)conduct an examination in conjunction with an examination conducted by other state agencies or agencies of another state or of the federal government;

(3)accept the examination report of another state agency or an agency of another state or of the federal government, or a report prepared by an independent accounting firm, with any such repor

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Effective 1-1-2026.
Sec. 403. (a) The director may conduct an
examination or investigation of a licensee or otherwise take
independent action authorized by this chapter, or by a rule adopted or
order issued under this chapter, as reasonably necessary or appropriate
to administer and enforce this chapter and rules implementing this
chapter. The director may:
(1) conduct an examination either onsite or offsite as the director
may reasonably require;
(2) conduct an examination in conjunction with an examination
conducted by other state agencies or agencies of another state or
of the federal government;
(3) accept the examination report of another state agency or an
agency of another state or of the federal government, or a report
prepared by an independent accounting firm, with any such report
considered, upon being accepted and for all purposes, as an
official report of the director; and
(4) summon and examine under oath a key individual or employee
of a licensee or authorized delegate and require the person to
produce records regarding any matter related to the condition and
business of the licensee.
(b) A licensee shall provide, and the director shall have full and
complete access to, all records the director may reasonably require to
conduct a complete examination. The records must be provided at the
location and in the format specified by the director. The director may
use multistate record production standards and examination procedures
when those standards will reasonably achieve the purposes of this
subsection.
(c) Unless otherwise directed by the director, a licensee shall pay all
costs reasonably incurred in connection with an examination of the
licensee.
(d) The director shall determine the sufficiency of the licensee's
records and whether the licensee has made the required information
reasonably available.
(e) To discover violations of this chapter, the director may
investigate and examine the records of any person the director believes
is operating without a license, when a license is required under this
chapter. The person examined must pay the reasonably incurred costs
of the examination.

Indiana § 28-8-6-403 (Examination or investigation of a licensee by the director; provision of records to the director by a licensee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.