MARVIN MANDEL, Governor                            2741

this subtitle or of securing information lawfully
required hereunder, the Commissioner or his duly
authorized representative may at any time investigate the
business and examine the books, accounts, papers and
records used therein, of (1) any licensee, (2) any other
person engaged in the business described in § 165 of this
subtitle or participating in [such] THAT business as
principal, agent, broker, or otherwise, and (3) any
person whom the Commissioner has reasonable cause to
believe is violating any provision of this subtitle,
whether or not {such] THE person shall claim to be within
the authority or beyond the scope of this subtitle. For
purposes of this section, any person who shall advertise
for, solicit, or hold himself out as willing to make loan
transactions in the amount of or of the value of [fifteen
hundred dollars ($1,500)] [[$5,000]] $3,500 or less
shall, unless legally exempt hereunder, be presumed to be
engaged in the business described in § 165 of this
subtitle. If [such] AN investigation discloses the
person investigated is violating the provisions of this
subtitle, then the Commissioner may collect from the
person investigated the same examining costs and in the
same manner as if the person were a licensee hereunder.

193.

Ho licensee or other person subject to this subtitle
shall advertise, display, distribute, or broadcast or
cause or permit to be advertised, displayed, distributed,
or broadcast, in any manner whatsoever, any false,
misleading, or deceptive statement or representation with
regard to the rates, terms, or conditions for loans in
the amount or of the value of [fifteen hundred dollars
($1,500)] [[$5,000]] $3,500 or less. The Commissioner
may require that charges or rates of charge, if stated by
a licensee be stated fully and clearly in [such] ANY
manner as he may deem necessary to prevent
misunderstanding thereof by prospective borrowers. The
Commissioner may permit or require licensees to refer in
their advertising to the fact that their business is
under state supervision, subject to conditions imposed by
him to prevent an erroneous impression as to the scope or
degree of protection provided by this subtitle.

196.

(A) Every licensee qualified under this subtitle
making loans or advances of money or credit not exceeding
in original amount of value, [fifteen hundred dollars
(1,500) ] [[$5,000]] $3.500 may charge, contract for,
collect, or receive interest, charges and fees, and may
require fulfillment of conditions, as hereinafter
provided: