FINANCIAL REG-FEES-INVESTIGATE

Summary

The bill repeals the requirement that the state secretary annually inspect each currency‑exchange business and report on its operating costs. It also gives the secretary and the Division of Financial Institutions new authority to set administrative fees and to investigate compliance under multiple financial statutes. Finally, it creates optional yearly meetings between the department and the sales‑finance and consumer‑installment lending industries when requested by a sufficient number of licensed participants.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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