Section 399-G:24 – Administration by Commissioner; Rulemaking.
399-G:24 Administration by Commissioner; Rulemaking. – I. The commissioner shall administer and enforce the provisions of this chapter. II. Pursuant to RSA 541-A, the commissioner may adopt such rules as he or she deems necessary to the administration and enforcement of this chapter. Such rules shall be consistent with the provisions of this chapter, […]
Section 399-G:25 – Repealed by 2016, 205:2, eff. Nov. 1, 2020.
399-G:25 Repealed by 2016, 205:2, eff. Nov. 1, 2020. –
Section 399-G:22 – Prosecution of Violations.
399-G:22 Prosecution of Violations. – I. Any person who willfully violates any provisions of RSA 399-G:14, or a cease and desist order or injunction issued pursuant to RSA 399-G:21 shall be guilty of a class B felony. Each of the acts specified shall constitute a separate offense and a prosecution or conviction for any […]
Section 399-G:23 – Penalty.
399-G:23 Penalty. – I. Any person who violates any provision of this chapter shall be guilty of a misdemeanor for each violation if a natural person, or guilty of a felony for each violation if any other person. II. Any person who knowingly violates any provision of this chapter, or any rule adopted under […]
Section 399-G:12 – Consumer Inquiries.
399-G:12 Consumer Inquiries. – I. Consumer complaints naming licensees under this chapter, which are filed in writing with the office of the commissioner, shall be forwarded via electronic mail or certified or registered mail to the licensee for response within 10 days of receipt by the department. Licensees shall, within 10 days after receipt […]
Section 399-G:13 – Examinations and Investigations.
399-G:13 Examinations and Investigations. – I. The department may examine during business hours the business affairs and records of any licensee, any authorized delegate, or any other person, whether licensed or not, as it deems necessary to determine compliance with this chapter and the rules or orders adopted under this chapter. The department shall […]
Section 399-G:14 – Prohibitions.
399-G:14 Prohibitions. – I. It is unlawful for any person, in connection with the solicitation, offer, or transaction of money transmission, directly or indirectly: (a) To employ any device, scheme, or artifice to defraud; (b) To make any untrue statement of a material fact or to omit to state a material fact necessary in […]
Section 399-G:15 – Oversight of Authorized Delegates.
399-G:15 Oversight of Authorized Delegates. – Licensees shall implement a system of education, training, monitoring, and periodic inspection designed to inform their authorized delegates of their responsibilities, consistent with the Bank Secrecy Act and the requirements to file reports required by federal law. Licensees whose authorized delegates are not required to register independently with […]
Section 399-G:16 – Net Worth Requirements.
399-G:16 Net Worth Requirements. – An applicant or licensee shall at all times maintain a net worth of the lesser of its average daily outstanding money transmissions for the prior calendar year or $1,000,000. Each licensee shall file a statement of net worth pursuant to RSA 399-G:10, II(e). Source. 2015, 258:1, eff. Jan. 1, […]
Section 399-G:17 – Money Laundering Reports and Federal Law Compliance.
399-G:17 Money Laundering Reports and Federal Law Compliance. – I. Licensees shall create, implement, and file with the commissioner written plans for compliance with federal laws, including but not limited to the Bank Secrecy Act of 1970 as amended, and regulations, 31 U.S.C. section 5313, 31 C.F.R. part 1010, and other federal and state […]