§489D-14  Extraordinary reporting
requirements.  Within fifteen business days of the occurrence of any one of
the events listed below, a licensee shall file a written report with the
commissioner describing the event and its expected impact on the licensee's
activities in this State.  These events are:



(1)  Any material change in information provided in a
licensee's application or annual report;



(2)  The filing for bankruptcy or reorganization by
the licensee;



(3)  Pending or final revocation, suspension, or other
enforcement action against the licensee by any state or governmental authority
relating to the licensee's money transmission activities;



(4)  Any felony indictment of the licensee or any of
its key shareholders, principals, executive officers, or officers or managers
in charge of the licensee's activities, related to money transmission
activities; and



(5)  Any felony conviction of the licensee or any of
its key shareholders, principals, executive officers, or officers or managers
in charge of the licensee's activities, related to money transmission
activities. [L 2006, c 153, pt of §1; am L 2008, c 195, §9]