Sec. 342.553. GENERAL INVESTIGATION. (a) To discover a violation of this chapter or to obtain information required under this chapter, the commissioner or the commissioner's representative may investigate the records, including books, accounts, papers, and correspondence, of a person, including an authorized lender, who the commissioner has reasonable cause to believe is violating this chapter regardless of whether the person claims to not be subject to this chapter.
(b) For the purposes of this section, a person who advertises, solicits, or otherwise represents that the person is willing to make a loan with a cash advance less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference base amount of $2,500 is presumed to be engaged in the business described by Section 342.051.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Subchapter L. Administration of Chapter
Section 342.551. Adoption of Rules
Section 342.552. Examination of Lenders; Access to Records
Section 342.553. General Investigation
Section 342.554. Certificate; Certified Document
Section 342.555. Transcript of Hearing: Public
Section 342.556. Appointment of Agent
Section 342.557. Payment of Examination Costs and Administration Expenses
Section 342.558. Authorized Lender's Records