Page:United States Statutes at Large Volume 70.djvu/1095

 70 S T A T. ]

PUBLIC LAW 982-AUG. 6, 1956

1039

(c) The Commissioners may revoke or suspend only the particular license with respect to which there are grounds for revocation or suspension; but if the Commissioners find that such grounds for revocation or suspension apply or extend to more than one license issued to any person under this Act, they shall revoke or suspend all the licenses affected thereby. (d) The licensee may at any time surrender any license issued to cen'^.*"'**' of iihim under this Act upon filing written notice to that effect with the Commissioners. (e) No revocation, suspension, or surrender of any such license shall impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower, or any bond given by such licensee. ENFORCEMENT

SEC. 7. (a) The provisions of this Act shall be enforced by the Commissioners, who are authorized to make such rules and regulations in addition hereto and not inconsistent herewith, as may be necessary for the enforcement of this Act. The Commissioners shall make such examination and investigations of the affairs, business, office, and records of every licensee, and such further examinations or investigations as they shall deem necessary for the purpose of discovering violations of this Act or of securing information necessary for its proper enforcement. For the purpose of making such examinations or investigations the Commissioners and their duly designated representatives shall have authority to require by subpena the production of books, papers, and records and the attendance, and examination under oath, of all persons whomsoever whose testimony they may require relative to the loans or business of any such licensee, and shall have free access to the accounts, papers, records, files, safes, vaults, offices, and places of business used in connection with any business conducted under any license issued in accordance with this Act. I n the event of contumacy or refusal to obey any such subpena or requirement under this section, the Commissioners may make application to the Municipal Court for the District of Columbia for an order requiring obedience thereto. Thereupon the court, with or without notice and hearing, as it in its discretion may decide, shall make such order as is proper and may punish as a contempt any failure to comply with such order in accordance with the provisions of subsection (c), section 5, of the Act of April 1, 1942 (56 Stat. 193, ch. 207; sec. 11-756 (c), D. C. Code, 1951 edition). (ID) Each licensee shall annually on or before the fifteenth day of Report to comMarch file with the Commissioners a report giving such information "^'•^''"•'•* as the Commissioners m a j require, relevant to the business and' operations during the preceding calendar year, of each licensed place of business conducted by such licensee in the District. Such report shall be made under oath and in the form prescribed by the Commissioners. The Commissioners shall make and publish annually an analysis and recapitulation of such reports. (c) Each licensee shall keep and use in his business and shall pre- Recordm. serve for at least three years after making the final entry on any foan recorded therein, such books, accounts, records, or card systems as will enable the Commissioners to determine whether such licensee is complying with the provisions of this Act and with the rules and regulations made pursuant thereto. (d) The Commissioners are authorized to appoint such assistants, clerks, or other employees as may be required for the purpose of car- employetts. rying out the provisions of this Act.

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