Needed licensee records and reports.

Needed licensee records and reports.

(A) Every licensee shall keep and make use of into the licensee’s company such publications, records, documents, and loan papers because will allow the unit of banking institutions to ascertain whether or not the licensee is complying with parts 1321.35 to 1321.48 for the Revised Code along with the sales and guidelines produced by the unit under those sections. Such publications, records, documents, and loan papers will probably be segregated from those with respect to deals which are not susceptible to parts 1321.35 to 1321.48 for the Revised Code. Every licensee shall preserve the publications, reports, documents, and loan papers related to loans made under parts 1321.35 to 1321.48 regarding the Revised Code for at the least 2 yrs after making the last entry on, or last modification of every loan document in accordance with, any loan recorded therein. Accounting systems maintained in entire or perhaps in component by technical or electronic information processing practices that offer information equal to that otherwise required are appropriate with this function.

Read moreNeeded licensee records and reports.