(a) The Commissioner, or his or her designated agent, shall examine the affairs, business, premises, and records of each licensee at least once in every 3-year period and at any other time that the Commissioner considers necessary or provides by regulation.
(b) Each licensee shall be assessed an examination fee of $100 per examination, plus $20 per hour for each hour or fraction of each hour in excess of 4 hours if an examination of a licensee exceeds 4 hours.
(May 12, 1998, D.C. Law 12-111, § 12a; as added Oct. 3, 2001, D.C. Law 14-28, § 3102, 48 DCR 6981.)
For temporary (90 day) addition of section, see § 2802 of Fiscal Year 2002 Budget Support Emergency Act of 2001 (D.C. Act 14-124, August 3, 2001, 48 DCR 7861).
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
§ 26–302. Requirement of license
§ 26–304. Form and contents of application for license
§ 26–305. Application and license fees
§ 26–306. Bond to accompany application for license
§ 26–307. Minimum liquid assets required
§ 26–308. Granting of license; investigations
§ 26–309. Issuance and form of license
§ 26–311. Time and renewal of license
§ 26–312. Transferability of license
§ 26–313. Limitation of license
§ 26–314. License for limited station
§ 26–315. Change of location of business or area; other miscellaneous activity
§ 26–316. Revocation and suspension of license
§ 26–317. Limitations on fees for cashing checks
§ 26–318. Books, accounts, and other records of licensee
§ 26–319. Limitations on business
§ 26–320. Formal investigations
§ 26–321. Cease and desist orders
§ 26–322. Authority of Commissioner to issue rules and regulations