D.C. Mun. Regs. tit. 16, r. 16-313

Current through Register Vol. 71, No. 36, September 6, 2024

Rule 16-313 - INSPECTION OF RECORDS

313.1

The Director may, prior to approving an application for license under this chapter and from time to time during the license year, inspect any records of, and obtain information from, any applicant or licensee that the Director may consider necessary or advisable, to determine or verify any of the following:

(a) The identity of each officer, director, partner, member, and managing employee of the applicant or dealer;

(b) The identity of any person exercising any degree of control, either directly or indirectly, over the business activities of the applicant or licensee, and the extent of such control; and

(c) The identity of any person who may be associated with the applicant or licensee in connection with the business of selling motor vehicles or of purchasing instruments of security, regardless of whether such person may be an officer, director, partner, member, or employee of such applicant or licensee.

313.2

In connection with the consideration of an application for a license under this chapter, and from time to time during the license year if the application is approved, the Director shall be authorized at any time during regular business hours to inspect the records of an applicant or any licensee and to obtain from the applicant or the licensee any information that the Director may deem necessary to determine whether an applicant qualifies for license, or whether an applicant or licensee has violated any provision of law or of this chapter relating to the qualifications to obtain or to retain a license.

313.3

Each applicant or licensee shall make available to the Director those records and furnish such information that the Director may request in connection with making the inspections authorized by this section, and shall, whenever requested so to do by the Director furnish or permit the Director to make one or more copies of the records as the Director may specify.

313.4

The failure or refusal of an applicant for a license or a licensee to make available to the Director the records or information authorized to be requested or to permit the Director to make a copy of the records or information, shall be cause for denial, suspension, or revocation of a license for the applicant or of the licensee.

D.C. Mun. Regs. tit. 16, r. 16-313