§ 45-18-114. Required Records
Each licensee shall make, keep and preserve the books, accounts, records, and documents as the commissioner may determine by rule. All records of the check cashing business shall be maintained separately by the licensee from any other business in which the licensee may engage.
§ 45-18-115. Suspension or Revocation of License
After notice and an opportunity for a hearing, the commissioner may suspend or revoke a license if the commissioner finds that: Any fact or condition exists that, if it had existed at the time when the licensee applied for its license, would have been grounds for denying the application; The licensee violates any provision of […]
§ 45-18-116. Hearing
The Uniform Administrative Procedures Act, compiled in title 4, chapter 5, applies to any hearing afforded pursuant to this chapter.
§ 45-18-117. Civil Penalties
If, after notice and an opportunity for a hearing, the commissioner finds that a person has violated this chapter or a rule adopted under this chapter, the commissioner may, in addition to all other powers conferred in this chapter: Order the person to cease and desist violating the chapter or its rules and require the […]
§ 45-18-104. License Requirement
No person shall engage in, or in any manner advertise engagement in, the business of cashing payment instruments without first obtaining a license under this chapter. A separate license shall be required for each location from which the business is conducted. Any licensed money transmitter or registered industrial loan and thrift company engaged in the […]
§ 45-18-105. Qualifications of Licensee
Each applicant for a license shall demonstrate, and each licensee shall maintain, a minimum net worth of at least twenty-five thousand dollars ($25,000) for each location. Every corporate applicant, at the time of filing an application for a license under this part and at all times after a license is issued, shall be in good […]
§ 45-18-106. Application for License
Each application for a license under this chapter shall be made in writing under oath, and in a form prescribed by the commissioner.
§ 45-18-107. Supervision Fee — Financial Statements
Each application for a license shall be accompanied by: A nonrefundable supervision fee, as provided in § 45-1-118(i). The supervision fee shall be applicable to each location; and Financial statements for the immediately preceding fiscal year end prepared in accordance with generally accepted accounting principles by a certified public accountant or public accounting firm.
§ 45-18-108. Issuance of License
Upon the filing of a properly completed application, accompanied by the nonrefundable supervision fee, as provided in § 45-1-118(i), and other required documents, the department shall investigate to ascertain whether the qualifications and requirements prescribed by this chapter have been met. If the department finds the applicant meets the qualifications and requirements, the department shall […]
§ 45-18-109. License Renewal
Licenses issued pursuant to this chapter expire on December 31. A license may be renewed for the ensuing twelve-month period upon application by the license holder showing continued compliance with the qualifications for a license, filing of the completed renewal form, and payment of the nonrefundable supervision fee, as provided in § 45-1-118(i). A licensee […]