(A) Every licensee shall keep and make use of within the licensee’s company books that are such reports, documents, and loan papers since will allow the unit of banking institutions to ascertain perhaps the licensee is complying with parts 1321.35 to 1321.48 associated with Revised Code along with the sales and guidelines created by the division under those parts. Such publications, records, documents, and loan papers will be segregated from those related to deals that aren’t susceptible to parts 1321.35 to 1321.48 associated with the Revised Code. Every licensee shall protect the publications, reports, documents, and loan papers related to loans made under parts 1321.35 to 1321.48 associated with the Revised Code for at the very least 2 yrs after making the last entry on, or last revision of any loan document in accordance with, any loan recorded therein. Accounting systems maintained in whole or perhaps in component by technical or data that are electronic methods that provide information comparable to that otherwise required are appropriate with this purpose.
(1) As needed by the superintendent of banking institutions, each licensee shall register aided by the unit every year a study under oath or affirmation, on types furnished by the unit, in regards to the company and procedure for the preceding twelve months. In case a licensee has one or more bar or nightclub in this state, the licensee shall furnish a study for every single location.
(2) The unit shall publish yearly and also make offered to the general public an analysis of this information needed under division (B)(1) for this area, however the specific reports shall never be public record information and shall never be available to general public assessment. The published analysis shall consist of most of the after:
The sum total wide range of borrowers, loans, defaulted loans, and charged -off loans in addition to total dollar value associated with charged- off loans;
(b) the loan that is average, normal contracted and normal experienced apr, normal costs per loan, total contracted loan costs, and total loan fees really compensated;