North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 04. COMMERCE |
CHAPTER 03. BANKING COMMISSION |
SUBCHAPTER F. LICENSEES UNDER MONEY TRANSMITTERS ACT |
04 NCAC 03F .0508. IMPAIRMENT OF MINIMUM NET WORTH
Latest version.
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A licensee shall notify the Commissioner in writing if, at any time, it fails to meet the minimum net worth requirement of G.S. 53-208.5(a). The notification shall be accompanied by a plan to restore the minimum net worth.
History Note: Authority 53-208.5; 53-208.27;
Eff. February 1, 1993;
Amended Eff. November 1, 2013.