§32A-2-11. Examination and Fraudulently Structured Transactions
(a) Each licensee is subject to a periodic examination of the licensees business records by the commissioner at the expense of the licensee. For the purpose of carrying out this article, the commissioner may examine all books, records, papers, or other objects that the commissioner determines are necessary for conducting a complete examination and may […]
§32A-2-12. Investigations and Subpoenas
(a) In addition to the examinations required by section eleven of this article, the commissioner is authorized to inspect, examine and audit the books, records, accounts and papers of all licensees and their authorized delegates at times that the circumstances in his or her opinion may warrant. Unless it will interfere with the commissioner's duties […]
§32A-2-13. Notification Requirements
(a) A licensee shall notify the commissioner of any change in its principal place of business, or its headquarters office if different from its principal place of business, within 15 days after the date of the change. (b) A licensee shall notify the commissioner of any of the following significant developments within 15 days after […]
§32A-2-14. Records Maintenance
(a) A licensee shall keep its business books, accounts, and records in accordance with generally accepted accounting principals. A licensee shall retain all of its records of final entry for the period of time as required in section thirty-five, article four, chapter thirty-one-a of this code for banking institutions. The licensee shall also preserve its […]
§32A-2-15. Transaction Records
(a) Every check sold by the licensee or its authorized delegates shall bear the name of the licensee and a unique number clearly stamped or imprinted thereon. When an order for the transmission of money results in the issuance of a check, both the order and the check may bear the same number. (b) The […]
§32A-2-16. Enforcement
The commissioner, with the assistance of the West Virginia state police, may investigate violations of this article or rules adopted under this article. Based on the investigation, the commissioner or any law-enforcement agency may file a criminal referral with the prosecuting attorney of Kanawha County or with the prosecuting attorney of the county in which […]
§32A-2-4. License Application, Issuance, and Renewal
(a) An applicant for a license shall submit an application to the commissioner on a form prescribed by the commissioner. The commissioner may direct an applicant to file a license application through the Nationwide Multistate Licensing System and Registry operated by the State Regulatory Registry, LLC. (b) Each application shall be accompanied by a nonrefundable […]
§32A-2-5. Fees
(a) The commissioner shall charge and collect the license application fees, license fees, license renewal fees, and examination costs in amounts reasonable and necessary to defray the cost of administering this article as follows: (1) For applying for a license, an application and licensing fee of $1,000, plus $20 for each location at which the […]
§32A-2-6. Denial of License or Renewal of License
(a) The commissioner may deny the grant of a license or renewal of a license for a failure to comply or otherwise meet the requirements and qualifications of this article or a rule adopted under this article, including failure to submit a complete application. (b) The denial of a license or denial of renewal by […]
§32A-2-7. Authorization to Propose Rules
The commissioner may propose rules necessary to implement this article for legislative approval in accordance with the provisions of article three, chapter twenty-nine-a of this code.