(a) Finance lenders and broker licensees shall file an audited annual report with the Board, on or before the March 31, giving the relevant information that the Board reasonably requires concerning the business and operations conducted by the licensee within the Territory during the preceding calendar year for each licensed place of business. The individual audited annual reports filed pursuant to this section must be made available to the public for inspection except, upon request in the annual report to the Board, the balance sheet contained in the audited annual report of a sole proprietor or any other nonpublicly traded persons. The report must be made under oath and accompanied by a sworn affidavit and in the form prescribed by the Board. “Nonpublicly traded person” for purposes of this subsection means persons with securities owned by 35 or fewer individuals.
(b) The annual reports must include:(1) the number and total dollar amount of loans each fiscal year for which a valid license is maintained by the licensee;(2) the number of loans made in each district in the Virgin Islands;(3) the income level; and(4) the total number of satisfaction of security instruments recorded with the Recorder of Deeds the prior year.
(1) the number and total dollar amount of loans each fiscal year for which a valid license is maintained by the licensee;
(2) the number of loans made in each district in the Virgin Islands;
(3) the income level; and
(4) the total number of satisfaction of security instruments recorded with the Recorder of Deeds the prior year.
(c) A licensee shall submit other special reports that may be required by the Board.