SUBCHAPTER 3F ‑ LICENSEES UNDER MONEY TRANSMITTERS ACT

04 NCAC 03F .0101          APPLICATION FOR LICENSE

04 NCAC 03F .0102          ISSUANCE OF LICENSE

04 NCAC 03F .0103          REQUIRED REPORTS

History Note:        Authority G.S. 53‑92; 53‑194; 53‑196; 53‑197; 53‑198; 53‑200; 53‑204;

Eff. February 1, 1976;

Repealed Eff. February 1, 1993.

04 NCAC 03F .0104          REVOCATION OF LICENSE

04 NCAC 03F .0105          DENIAL OR REVOCATION OF LICENSE: HEARING: APPEAL

History Note:        Authority G.S. 53‑92; 53‑206; 53‑207; 150A‑11(1);

Eff. February 1, 1976;

Repealed Eff. January 1, 1985.

SECTION .0200 ‑ ADMINISTRATIVE

04 NCAC 03F .0201          DEFINITIONS

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

Eff. February 1, 1993;

Amended Eff. November 1, 2013; September 1, 2006; June 1, 1995;

Repealed Eff. August 1, 2018.

04 NCAC 03F .0202          PERMISSIBLE INVESTMENTS

History Note:        Authority G.S. 53-193; 53-206.1;

Eff. March 1, 1994;

Repealed Eff. October 1, 2011.

SECTION .0300 ‑ LICENSING

04 NCAC 03F .0301          Incomplete Applications

Incomplete application files shall be closed and withdrawn without prejudice when the applicant has not submitted information requested by the Commissioner within 30 days of the request.

History Note:        Authority G.S. 53-208.45; 53-208.60;

Eff. February 1, 1993;

Amended Eff. November 1, 2013;

Readopted August 1, 2018.

04 NCAC 03F .0302          issuance of a license

04 NCAC 03F .0303          LICENSE FEES

04 NCAC 03F .0304          AGENT LOCATION FEE

History Note:        Authority G.S. 53-197; 53-200; 53-202; 53-206.1; 150B-21.2;

Eff. February 1, 1993;

Amended June 1, 1995;

Repealed Eff. October 1, 2011.

SECTION .0400 - OPERATIONS

04 NCAC 03F .0401          CERTIFICATE OF AUTHORITY

History Note:        Authority G.S. 53-203; 53-206.1; 150B-21.2;

Eff. February 1, 1993;

Repealed Eff. October 1, 2011.

04 NCAC 03F .0402          SURRENDER OF LICENSE

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

Eff. February 1, 1993;

Repealed Eff. August 1, 2018.

SECTION .0500 - REPORTING AND NOTIFICATIONS

04 NCAC 03F .0501          GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

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

Eff. February 1, 1993;

Repealed Eff. August 1, 2018.

04 NCAC 03F .0502          STATEMENT OF NET WORTH

04 NCAC 03F .0503          ANNUAL STATEMENT

History Note:        Authority G.S. 53-198; 53-199(b); 53-204(a); 53-206.1; 150B-21.2;

Eff. February 1, 1993;

Amended Eff. June 1, 1995;

Repealed Eff. October 1, 2011.

04 NCAC 03F .0504          AGENT ACTIVITY REPORTS

04 NCAC 03F .0505          AMENDMENTS TO APPLICATION

04 NCAC 03F .0506          REVOCATION OR CANCELLATION OF SURETY BOND

04 NCAC 03F .0507          CEASING OPERATIONS

04 NCAC 03F .0508          IMPAIRMENT OF MINIMUM NET WORTH

04 NCAC 03F .0509          DISHONOR OR DEFAULT IN PAYMENT INSTRUMENT

History Note:        Authority G.S. 53-208.5; 53-208.8; 53-208.27;

Eff. February 1, 1993;

Amended Eff. November 1, 2013; June 1, 1995;

Repealed Eff. August 1, 2018.

SECTION .0600 - EXAMINATION; BOOKS AND RECORDS

04 NCAC 03F .0601          RECORD AND BOOKKEEPING REQUIREMENTS

04 NCAC 03F .0602          EXAMINATION FEE

History Note:        Authority 53-208.15; 53-208.16; 53-208.20; 53-208.27; 53-282(c);

Eff. February 1, 1993;

Amended Eff. November 1, 2013;

Repealed Eff. August 1, 2018.

SECTION .0700 - LICENSE REVOCATION

04 NCAC 03F .0701          HEARINGS

History Note:        Authority G.S. 53-206; 53-206.1; 53-207; 150B-21.2;

Eff. February 1, 1993;

Repealed Eff. October 1, 2011.