ARM 2.59.1505. EXAMINATION OF DEFERRED DEPOSIT LENDERS

(1) The department shall annually conduct an examination of each deferred deposit loan licensee's lending operations to ensure compliance with both statute and administrative rule. (2) The examination shall consist of a comprehensive review of the records, operations and affairs of the licensee. The review shall include inquiry into: (a) accounting and financial records; (b) records of the borrower's files including: (i) evidence of required disclosures; (ii) use of a department approved loan agreement; and (iii) assurance of continued capital adequacy and bonding.