§ 19-4-15. Examination of books to determine violations — Prosecution of offenses.
(a) The director, or the director’s designee, shall have authority to examine, at any time, the accounts, books, and papers of any person in the business of receiving money on deposit, in order to ascertain whether the person has violated or is violating any provision of this title.
(b) Any person carrying on an unauthorized banking business shall forfeit to the state one thousand dollars ($1,000) a day for every day or part thereof during which the violation continues.
History of Section.P.L. 1995, ch. 82, § 42.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-4 - Regulatory Oversight
Section 19-4-1. - Examination on application by depositors, stockholders, directors, or trustees.
Section 19-4-2. - Periodic examinations — Access to records.
Section 19-4-3. - Records of examinations and reports.
Section 19-4-6. - Time and frequency of reports of financial institutions and credit unions.
Section 19-4-8. - Delay of reports.
Section 19-4-9. - Reports to general assembly.
Section 19-4-10. - Insurance of deposits.
Section 19-4-12. - Order to cease unlawful or unsafe practices — Impairment of capital — Appeal.
Section 19-4-13. - Continuance of business after suspension prohibited.
Section 19-4-14. - Appeal of orders — Enforcement.
Section 19-4-15. - Examination of books to determine violations — Prosecution of offenses.
Section 19-4-16. - Rules and regulations.
Section 19-4-17. - Unauthorized banking business.
Section 19-4-17.1. - Use of regulated financial institutions without permission prohibited.