Section 399-G:2 – License Required.
399-G:2 License Required. – I. Any person not exempt under RSA 399-G:3 that, in its own name or on behalf of other persons, acts as a money transmitter while physically located in New Hampshire, or with, to, or from persons located in New Hampshire, shall obtain a license from the department and shall register […]
Section 399-G:3 – Exemptions.
399-G:3 Exemptions. – The provisions of this chapter shall not apply to: I. Any bank, trust company, savings and loan association, profit sharing and pension trust, credit union, thrift company, insurance company, or receivership, which may be chartered by this state or any other state or by any agency of the United States. II. […]
Section 399-G:4 – Application and Fees.
399-G:4 Application and Fees. – I. (a) To be considered for licensing, each person shall complete and file with the department one verified application through the Nationwide Multistate Licensing System and Registry, using the Nationwide Multistate Licensing System and Registry form which shall include but not be limited to the following information: (1) The […]
Section 399-G:5 – License and Registration Grant and Renewal.
399-G:5 License and Registration Grant and Renewal. – I. Upon the applicant’s filing of the complete application, and payment of the required fee, the commissioner shall have, in accordance with RSA 541-A:29, up to 120 days to investigate and determine whether the applicant’s financial resources, experience, personnel, and record of past or proposed conduct […]
Section 399-D:20 – Cease and Desist.
399-D:20 Cease and Desist. – I. The department may issue a cease and desist order against any person who it has reasonable cause to believe is in violation of the provisions of this chapter or any rule or order under this chapter. II. (a) The order shall be calculated to give reasonable notice of […]
Section 399-D:21 – Penalty.
399-D:21 Penalty. – I. Any person or the members, officers, directors, agents, and employees thereof who knowingly violates any provision of this chapter shall be guilty of a misdemeanor for each violation if a natural person, or felony if any other person. II. Any person violating the provisions of RSA 399-D:14 through RSA 399-D:17 […]
Section 399-D:22 – Consumer Credit Administration License Fund.
399-D:22 Consumer Credit Administration License Fund. – The balance in the consumer credit administration license fund shall be transferred and shall be payable to the state treasurer as restricted revenue and credited to the appropriation for the commissioner, consumer credit administration division. Sums collected under this chapter shall be payable to the state treasurer […]
Section 399-E:1 – Loan Scam Operators.
399-E:1 Loan Scam Operators. – I. In this chapter, "loan scam operator" means any person who, through advertising in any media, offers to lend money for a prepaid fee without any source of supply for such money and with no intent to provide such money. II. Any loan scam operator who operates in this […]
Section 399-F:1 – Definitions.
399-F:1 Definitions. – In this chapter: I. " Bank " means a bank as defined in RSA 383-A:2-201(a)(3). I-a. " Credit union " means a credit union as defined in RSA 383-A:2-201(a)(15). II. "Cash dispensing machine": (a) Means an electronic device that, operating in conjunction with a processor and network, allows a consumer to […]
Section 399-F:2 – Establishment of Cash Dispensing Machines.
399-F:2 Establishment of Cash Dispensing Machines. – I. No person shall establish a cash dispensing machine unless it: (a) Does not accept deposits, loan payments, or effectuate account transfers; (b) Is not operated in such a way as to violate the Electronic Funds Transfer Act, 15 U.S.C. 1693 et seq. or regulations promulgated thereunder; […]