(a) Maintenance and use of information.--Each check casher shall maintain and use such books, accounts and records as will enable the department to determine whether the check casher is complying with the provisions of this act and the rules and regulations adopted under this act. A check casher shall maintain records in a form prescribed by the department and shall preserve such books, accounts and records for five years.

(b) Examination and cost of information.--The department may examine the affairs, business, records, books, documents, accounts and papers of any licensee. The actual cost of these examinations shall be paid to the department by the licensee examined, and the department may bring an action for the recovery of these costs in any court of competent jurisdiction.