Section 399-A:4 – Application and Fees.
399-A:4 Application and Fees. – I. Every applicant for licensing under this chapter shall file with the commissioner a written verified application through the Nationwide Multistate Licensing System and Registry, using the Nationwide Multistate Licensing System and Registry form which shall include, but is not limited to, the following information: (a) The name of […]
Section 399-A:5 – License Grant and Renewal.
399-A:5 License Grant and Renewal. – I. Upon the filing of the complete application, payment of the required application fee, and completion of a pre-licensing investigation by the department, the commissioner shall issue a license to the applicant and to the applicant’s branches to engage in the business of a small loan lender if […]
Section 399-A:1 – Definitions.
399-A:1 Definitions. – In this chapter: I. " Affiliate " means a partnership, corporation, trust, limited liability company, or other organization that directly or indirectly owns a lender, is under common ownership with a lender, or is directly or indirectly owned by a lender. II. "Annual percentage rate" shall be calculated according to the […]
Section 399-A:2 – License Required.
399-A:2 License Required. – I. No person shall engage in the business of a small loan lender in this state or with consumers located in this state without first obtaining a license from the commissioner as provided in this chapter. II. Each such license shall terminate on December 31 of each year. Each license […]