Audit and Inspection of Books and Records

Section 1480.200  Audit and Inspection of Books and Records a)         Each repossession agency shall permit Commission staff to inspect, examine and audit by producing, upon demand, all accounts, books, records, memoranda, other papers and electronic data in the possession or control of the repossession agency to determine whether provisions of the Act or this Part have been violated. b)         Commission staff shall have the power, at any and all times, to examine, audit or demand production of all accounts, books, records, memoranda, other papers and electronic data in the possession or control of any other person to determine whether provisions of the Act or this Part have been violated.