D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 26. INSURANCE, SECURITIES, AND BANKING |
SubTilte 26-C. BANKING AND FINANCIAL INSTITUTONS |
Chapter 26-C22. MONEY TRANSMITTERS |
Section 26-C2211. EXAMINATIONS
-
2211.1The Department may conduct an on-site examination of a licensee and an authorized delegate of the licensee pursuant to section 14 of the Act.
2211.2Each licensee or its authorized delegate(s) shall be subject to an examination at any time forty-five (45) days after the renewal of the licensee's license. The forty-five day notice required by section 14 of the Act shall be issued in conjunction with the renewal of the licensee's license.
2211.3The licensee and its authorized delegate(s) shall each be assessed an examination fee of two hundred and fifty dollars ($250) per examination, plus sixty dollars ($60) per hour for each hour or fraction of each hour in excess of four (4) hours if an examination exceeds four (4) hours.
2211.4In addition to the fee required by § 2211.3, the Department shall assess a licensee for all reasonably incurred costs, for conducting an on-site examination of a licensee or authorized delegate. Reasonably incurred costs shall include, but are not limited to, airfare, lodging, food, parking, car usage out of state and mileage.