138.14(14)(d)5. 5. If a licensee stops producing payday advance loan, designate all open deals with this licensee as closed-in the databases two months following the day by which the licensee stops producing payday loans, unless the licensee states to the databases carrier ahead of the termination regarding the 60-day stage which of the purchases remain available while the specific cause each transaction continues to be available.
138.14(14)(d)6. 6. As a result to an inquiry from a licensee, county merely that any particular one are qualified or ineligible for a fresh payday loans and explain the reason for that perseverance. Precisely the individual choosing the loan could make a direct inquiry to the databases service provider to ask an even more detailed description of an ineligibility online installment WV perseverance.
In the event the database, as decided by the division, isn't applied or is perhaps not completely operational, confirming the customer won't have an open pay day loan together with the licensee that in conjunction with a brand new pay day loan would bring a violation with this part
138.14(14)(e) (e) If anytime the unit determines that a licensee that has ceased making payday advance loan is not updating the database prior to an idea recommended under level. (o) , the unit shall immediately close or advise the database service provider to straight away shut all leftover open purchases of the licensee.
138.14(14)(g) (g) The division shall, by order or tip, stipulate the time scale for which data is getting maintained inside database just as needed assure licensee compliance with this particular section or enforcement or compliance uses. The division may maintain the means to access archived information for potential legislative or policy analysis.
138.14(14)(h) (h) The division shall, by purchase or guideline, establish a database transaction charge of no more than $1 your database carrier shall recharge to licensees to pay for the expenses of developing and applying the databases, and opening the databases to verify that a customer doesn't have any payday loans with the licensee or others that in combination with an innovative new purchase will generate a violation of this part. The database fee is actually payable directly to the unit in a way prescribed from the unit and, in the event that section has actually contracted with a 3rd-party service provider to work the databases, the division shall remit the cost into the 3rd-party carrier as given inside contract.
The licensee shall uphold a database out of all the licensee's pay day loans whatsoever of their areas of company and research that database to fulfill its duty under this subdivision
138.14(14)(i) (i) A licensee shall confirm a customer's eligibility to go into into a quick payday loan by doing one of several following, as appropriate:
138.14(14)(j) (j) In the event the databases, as based on the unit, is not fully working, and/or licensee is not able to access the databases and, as determined under procedures promulgated of the unit, the different processes set up under level. (d) 2. is also unavailable, a licensee may are based upon the created confirmation with the customer in an announcement offered in significantly these kind in no less than 12-point kind:
"I REALLY DO NOT HAVE ANY GREAT PAYDAY ADVANCES WITH THIS SPECIFIC LICENSEE AND I LACK GREATER PAY DAY LOANS WITH VARIOUS OTHER LICENSED PAYDAY LOANS CARRIER WITHIN STATE."
138.14(14)(k) (k) If, as dependant on the unit, a licensee is unable to access the database because technical troubles occurring because of the databases, the licensee shall utilize the alternative techniques developed under level. (d) 2.
138.14(14)(L) (L) A licensee may count on the content contained in the database as precise and is also maybe not at the mercy of any administrative forfeiture as a result of depending on inaccurate suggestions included in the database.