Indiana Code 28-8-4-42. Suspected violations; request for additional financial data; onsite examinations without notice; fees
Sec. 42. (a) If the director has a reasonable basis to believe that a licensee or an authorized delegate of a licensee is in violation of this chapter, the director may:
Terms Used In Indiana Code 28-8-4-42
- authorized delegate: means an entity designated by a licensee to:
Indiana Code 28-8-4-3
- department: means the members of the department of financial institutions. See Indiana Code 28-8-4-6
- director: has the meaning set forth in IC 28-11-2-1. See Indiana Code 28-8-4-7
- licensee: means a person licensed under this chapter. See Indiana Code 28-8-4-11
(2) conduct an in-state, onsite examination of an authorized delegate’s operation or a licensee’s location without prior notice to the authorized delegate or licensee.
(b) All reasonable costs of an examination incurred under subsection (a)(2) shall be paid by the:
(1) authorized delegate whose operation is examined; or
(2) the licensee whose location is examined;
in accordance with the fee schedule adopted under IC 28-11-3-5. A fee established by the department under IC 28-11-3-5 may be charged for each day a fee under this section is delinquent.
As added by P.L.42-1993, SEC.85. Amended by P.L.27-2012, SEC.100.