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RSA 399-G:12 · Maintenance of License; License Surrender

Title: XXXVI: PAWNBROKERS AND MONEYLENDERS
Chapter: 399-G · LICENSING OF MONEY TRANSMITTERS
Status: current
Official source linked: Yes

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399-G:12 Maintenance of License; License Surrender. –

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If at any point the licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license, the commissioner may suspend or revoke the licensee's license in accordance with the procedures established by this chapter and as required in RSA 541-A.

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II.

An applicant for money transmission license must demonstrate that it meets or will meet, and a money transmission licensee must at all times meet, the net worth, surety bond, and permissible investment requirements established in this chapter.

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III.

A licensee who ceases to engage in the business of money transmission at any time during a license year for any cause shall surrender such principal license and any authorized delegate registrations, and within 15 calendar days of such cessation shall publish, whether in a newspaper of general circulation in the licensee's market area or via electronic means such as the licensee's Internet website, a notice to such effect. The licensee shall provide any documentation the commissioner may require as part of the surrender request. Surrender of a licensee shall not take effect until the commissioner deems the surrender process complete.

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IV.

Failure to comply with paragraph III shall be cause for a denial of future license applications and the imposition of penalties under RSA 399-G:34. Source. 2024, 368:1, eff. Oct. 22, 2024.

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Source note

Source. 2024, 368:1, eff. Oct. 22, 2024.

Source history

2024, 368:1, eff. Oct. 22, 2024

Related materials

Bill relationships

2026 HB1207 reference · effective 2027-07-01
. (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 received from the total do
2026 HB1207-FN reference · effective 2027-07-01
. (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 received from the total do
2026 HB639 reference
on a blockchain protocol. II. A person engaged in home digital asset mining or a digital asset mining business shall not be required to obtain a money transmitter license under RSA 399-G. III. Operating a node or a series of nodes on a blockchain protocol shall not require an individual or business to obtain a money transmitter license under RSA 399-G. IV. A person engaging in the act of digital ass
2026 HB639-FN reference
on a blockchain protocol. II. A person engaged in home digital asset mining or a digital asset mining business shall not be required to obtain a money transmitter license under RSA 399-G. III. Operating a node or a series of nodes on a blockchain protocol shall not require an individual or business to obtain a money transmitter license under RSA 399-G. IV. A person engaging in the act of digital ass