04 NCAC 03F .0301. APPLICATION FOR A LICENSE

(a)  Any person who wishes to sell or issue checks in this State pursuant to the Money Transmitters Act must first obtain a license issued by the Commissioner.  An application for a license can be obtained from and shall be filed pursuant to Rule .0201(b) of this Subchapter.

(b)  An application for a Money Transmitters' license shall include information required by G.S. 53-208.5 through G.S. 53-208.10 of Chapter 53, Article 16A.  The application must be submitted on a form provided by the Commissioner.

(c)  In addition to the documents and information listed in Paragraph (b) of this Rule, the Commissioner may require additional information necessary to complete an investigation pursuant to G.S. 53-208.10.

(d)  Incomplete application files shall be closed and deemed denied without prejudice when the applicant has not submitted information requested by the Commissioner within 30 days of such request.

 

History Note:        Authority G.S. 53-208.3; 53-208.27;

Eff. February 1, 1993;

Amended Eff. November 1, 2013.