[§443B-4.62]  Audits.  (a)  When the
director has reasonable cause to believe that a registrant created deficiencies
or other problems in accounts which hold funds or other forms of payment
collected on behalf of a complainant, the director may order an audit of the
account or accounts, or an unannounced verification of the account's cash
balance.  The audit or verification shall be conducted by a certified public
accountant, public accountant, or other designee of the director.



(b)  If an audit or unannounced verification of
an account ordered by the director reveals deficiencies or other problems in
accounts which hold client funds and other forms of payment, the cost of the
audit or the verification shall be paid by the collection agency.  If an audit
or unannounced verification of an account ordered by the director does not
reveal deficiencies and problems in accounts, the cost of the audit or
unannounced verification shall be paid by the complainant.  Failure of a
collection agency to pay for an audit or unannounced verification within thirty
days of receipt of the billing statement shall result in suspension of the
agency's registration until payment is made. [L 1990, c 246, pt of §1]