§ 6-1405 – Issuance of license or branch office permit; license year; requirements
6-1405. Issuance of license or branch office permit; license year; requirements A. If no grounds for denial of a license or branch office permit are found to exist, the deputy director shall, within one hundred twenty days of receiving a complete application, grant the application and issue a license or branch office permit to the […]
§ 6-1241 – Definitions
6-1241. Definitions In this article, unless the context otherwise requires: 1. " Authorized delegate" means a person that a licensee designates to engage in money transmission on behalf of the licensee pursuant to article 1 of this chapter. 2. " Licensee" means a person that is licensed under article 1 of this chapter. 3. " […]
§ 6-1406 – Books and records of premium finance company; access to records
6-1406. Books and records of premium finance company; access to records A. A licensee shall maintain books, accounts and records as prescribed by the deputy director that will enable the deputy director to determine whether the licensee is complying with this article. B. A licensee shall preserve its books, accounts and records of premium finance […]
§ 6-1242 – Reports to the attorney general; investigation; violation; classification
6-1242. Reports to the attorney general; investigation; violation; classification A. Within thirty days after any transaction or series or pattern of transactions that is conducted or attempted by, at or through the business and that involves or aggregates $5, 000 or more in funds or other assets, each licensee and authorized delegate of a licensee […]
§ 6-1407 – Removal of place of business
6-1407. Removal of place of business A licensee may change the licensed place of business by giving written notice to the deputy director, who shall amend the license accordingly.
§ 6-1243 – Investigations
6-1243. Investigations A. The attorney general may conduct investigations within or outside this state to determine if a licensee, authorized delegate, money transmitter, financial institution or person engaged in a trade or business has failed to file a report required by this article or has engaged or is engaging in an act, practice or transaction […]
§ 6-1408 – Annual report of licensee; civil penalty for failure to file
6-1408. Annual report of licensee; civil penalty for failure to file A. On or before February 1, the licensee shall annually file a report under oath and in the form prescribed by the deputy director concerning the business and operations during the preceding calendar year. On good cause shown by a licensee, the deputy director […]
§ 6-1301 – Definitions
6-1301. Definitions In this chapter, unless the context otherwise requires: 1. " Advance fee" means a fee, interest or other consideration directly or indirectly received by a person prior to a loan of money or extension of credit or a commitment to loan money or extend credit being made by the person. Advance fees do […]
§ 6-1409 – Effect of revocation, suspension or surrender on preexisting contracts; impairment of contracts
6-1409. Effect of revocation, suspension or surrender on preexisting contracts; impairment of contracts A. A revocation, suspension or surrender of any license does not impair or affect the obligation of any preexisting premium finance agreement between any licensee and insured. B. If any provision of this article is amended or repealed in a manner that […]
§ 6-1302 – Scope of chapter; exemptions
6-1302. Scope of chapter; exemptions A. Any person who acts as an advance fee loan broker shall register with the deputy director as provided in this chapter. A person who is not exempt under subsection B of this section and who advertises for, solicits or purports to be willing to make or procure a loan […]