Idaho State Statutes - Idaho Attorney Directory

(1) The administrator shall
examine periodically at intervals he deems appropriate, the loans and business
records of every regulated lender. In addition, for the purpose of discovering
violations of this act or securing information lawfully required, the
administrator may at any time investigate the loans, business, and records of
any regulated lender. For these purposes, he shall have free and reasonable
access to the offices, places of business, and records of the lender. The
administrator, for purposes of examination of licensees herein, shall be paid
the cost of examination by the licensee, within thirty (30) days of demand for
payment. The administrator shall, on July 1 of each year, fix such per diem
examination cost.
(2) If the lender's records are located outside this state, the lender,
at his option, shall make them available to the administrator at a convenient
location within this state, or pay the reasonable and necessary expenses for
the administrator or his representative to examine them at the place where
they are maintained. The administrator may designate representatives,
including comparable officials of the state in which the records are located,
to inspect them on his behalf.
(3) For the purposes of this section, the administrator may administer
oaths or affirmations, and upon his own motion or upon request of any party,
may subpoena witnesses, compel their attendance, adduce evidence, and require
the production of any matter which is relevant to the investigation, including
the existence, description, nature, custody, condition, and location of any
books, documents, or other tangible 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
administrator may apply to the district court for an order compelling
compliance.
(5) For purposes of investigation herein, each regulated lender applicant
shall submit with his application the sum of one hundred dollars ($100).

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