ARM 2.59.1505. EXAMINATION OF DEFERRED DEPOSIT LENDERS

(1) An examination of a licensee's lending operations conducted by the department to verify compliance with Title 31, chapter 1, part 7, MCA, and these rules, must consist of a comprehensive review of the records, operations, and affairs of the licensee. The review must include inquiry into: (a) accounting and financial records; (b) records of the borrowers' files including: (i) evidence of required disclosures; and (ii) use of a department-approved loan agreement form; and (c) assurance of continued capital adequacy and bonding.