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RSA 399-A:6 · License Denial; Abandonment

399-A:6 License Denial; Abandonment. –

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I.

If the commissioner determines that an applicant fails to meet the requirements of this chapter, the commissioner shall notify the applicant of that determination in writing immediately.

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II.

The commissioner may deny a license application if it is in the public interest and the applicant or the applicant's principal:

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(a)

Has filed an application for licensing which was incomplete in any material respect;

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(b)

Is the subject of an order entered within the past 5 years by this state, any other state, or federal regulator denying, suspending, or revoking a license or registration;

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(c)

Is permanently, preliminarily, or temporarily enjoined by any court of competent jurisdiction from engaging in or continuing any conduct or practice involving any aspect of lending or collection activities;

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(d)

Is not qualified on the basis of such factors as experience, knowledge, and financial integrity; or

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(e)

Should not be licensed for other good cause shown.

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III.

Applicants may appeal a license denial in accordance with RSA 541-A and rules of the commissioner.

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IV.

Applicants may petition the banking department for a rehearing in accordance with RSA 541 if the decision in an appeal conducted pursuant to paragraph II affirms a denial of a license application.

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V.

The commissioner may deem abandoned and withdraw any application for licensure made pursuant to this chapter if the applicant fails to respond in writing within 180 calendar days to a written request from the commissioner requesting a response. Such request shall be sent via certified mail to the last known address of the applicant that is on file with the commissioner. Source. 2015, 73:1, eff. Jan. 1, 2016.

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Source note

Source. 2015, 73:1, eff. Jan. 1, 2016.

Source history

  • 2015, 73:1, eff. Jan. 1, 2016

Related materials

Bill relationships

  • 2026 HB1207 reference · effective 2027-07-01

    l assessment for that year. (c) From consumer credit division entities. Each entity subject to the supervision of the commissioner under the provisions of RSA 361-A, RSA 397-A, RSA 399-A, RSA 399-D, and RSA 399-G, shall be charged and shall pay such proportion of the balance applicable to the consumer credit administration division under the department's accounting unit designation as the gross revenue

  • 2026 HB1207 amend · effective 2027-07-01

    nsing system and registry, requesting a response. 5 Pawnbrokers and Moneylenders; Regulation of Small Loans, Title Loans, and Payday Loans; License Denial; Abandonment. Amend RSA 399-A:6, V to read as follows: V. The commissioner may deem abandoned and withdraw any application for licensure made pursuant to this chapter if the applicant fails to respond in writing within 180 calendar days to [a writ

  • 2026 HB1207-FN reference · effective 2027-07-01

    l assessment for that year. (c) From consumer credit division entities. Each entity subject to the supervision of the commissioner under the provisions of RSA 361-A, RSA 397-A, RSA 399-A, RSA 399-D, and RSA 399-G, shall be charged and shall pay such proportion of the balance applicable to the consumer credit administration division under the department's accounting unit designation as the gross revenue

  • 2026 HB1207-FN amend · effective 2027-07-01

    nsing system and registry, requesting a response. 5 Pawnbrokers and Moneylenders; Regulation of Small Loans, Title Loans, and Payday Loans; License Denial; Abandonment. Amend RSA 399-A:6, V to read as follows: V. The commissioner may deem abandoned and withdraw any application for licensure made pursuant to this chapter if the applicant fails to respond in writing within 180 calendar days to [a writ