537.2305 Examinations and investigations. 1. For the purpose of discovering violations of this chapter or securing information lawfully required, the licensing authority shall examine periodically at intervals the licensingauthority deems appropriate, but not less frequently than is required for other examinationsof the licensee by section 524.217, 533.113, 536.10, or 536A.15, whichever is applicable,the loans, business, and records of every licensee, except a licensee which has no officephysically located in this state and engages in no face-to-face solicitation in this state. Inaddition, the licensing authority may at any time investigate the loans, business, and recordsof any lender. For these purposes the licensing authority shall be given free and reasonableaccess to the offices, places of business, and records of the lender. 2. If the lender’s records are located outside this state, the lender at the lender’s option shall make them available to the licensing authority at a convenient location within this state,or pay the reasonable and necessary expenses for the licensing authority or the licensingauthority’s representative to examine them at the place where they are a convenient location within this state,or pay the reasonable and necessary expenses for the licensing authority or the licensingauthority’s representative to examine them at the place where they are maintained. Thelicensing authority may designate representatives, including comparable officials of the statein which the records are located, to inspect them on the licensing authority’s behalf. 3. For the purposes of this section, the licensing authority may administer oaths or affirmations, and upon the licensing authority’s own motion or upon request of any partymay subpoena witnesses, compel their attendance, adduce evidence, and require theproduction of any matter which is relevant to the investigation, including the existence,description, nature, custody, condition, and location of any books, documents, or othertangible things and the identity and location of persons having knowledge of relevant facts,or any other matter reasonably calculated to lead to the discovery of admissible evidence. 4. Upon failure without lawful excuse to obey a subpoena or to give testimony and upon reasonable notice to all persons affected thereby, the licensing authority may apply to thedistrict le evidence. 4. Upon failure without lawful excuse to obey a subpoena or to give testimony and upon reasonable notice to all persons affected thereby, the licensing authority may apply to thedistrict court for an order compelling compliance. [C75, 77, 79, 81, §537.2305]2007 Acts, ch 174, §95; 2012 Acts, ch 1017, §145Referred to in §524.227, 533.116, 536.29, 536A.29, 537.6105 Sat Dec 23 01:39:58 2023 Iowa Code 2024, Section 537.2305 (19, 0)
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