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RSA 399-G:26 · Prudential Standards; Net Worth

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

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399-G:26 Prudential Standards; Net Worth. –

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A licensee shall maintain at all times a tangible net worth of the greater of $100,000 or 3 percent of total assets for the first $100 million, 2 percent of additional assets for $100 million to $1 billion, and 0.5 percent of additional assets for over $1 billion.

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II.

Tangible net worth must be demonstrated at initial application by the applicant's most recent audited or unaudited financial statements pursuant to RSA 399-G:8, II(f).

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III.

The commissioner shall have the authority to exempt in whole or in part any applicant or licensee from the requirements of paragraphs I and II for good cause shown.

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IV.

For purposes of this section, a licensee that issues proprietary cryptocurrency, non-fungible tokens, or other digital assets shall not include the value of such assets when calculating tangible net worth. For purposes of calculating net worth under this section, cryptocurrency, non-fungible tokens, or other digital assets shall be considered "proprietary" when such assets are developed or created by the licensed entity. Nothing in this paragraph shall prevent a licensed entity from including the reasonable value of cryptocurrency, non-fungible tokens, or other digital assets developed or created by other entities and held as assets when calculating tangible net worth. 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

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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