Section 23046 Of Article 1. Administrative Actions From California Financial Code >> Division 10. >> Chapter 3. >> Article 1.
23046
. (a) For the purpose of discovering violations of this
division or securing information required by the commissioner in the
administration and enforcement of this division, the commissioner may
at any time, but not less than once every two years, investigate the
business of deferred deposits, and examine the books, accounts,
records, and files used in the business of deferred deposit
transactions, of every person engaged in the business of deferred
deposit transactions, whether the person acts or claims to act as a
principal or an agent, or under or without the authority of this
division. For the purpose of examination, the commissioner and the
commissioner's representatives shall have free access to the offices
and places of business, books, accounts, papers, records, files,
safes, and vaults of all these persons.
(b) The cost of each examination of a licensee or a person subject
to this division shall be paid to the commissioner by the licensee
or person examined, and the commissioner may maintain an action for
the recovery of the cost in any court of competent jurisdiction. In
determining the cost of an examination, the commissioner may use the
estimated average hourly cost for all persons performing examinations
of licensees or other persons subject to this division for the
fiscal year.