State Codes and Statutes
Statutes > New-hampshire > TITLEXXXVI > CHAPTER399-D > 399-D-18
I. A licensee who ceases to engage in the business of a debt adjuster at any time during a license year for any cause, including but not limited to bankruptcy, license revocation, or voluntary dissolution, shall surrender such license in person or by registered or certified mail to the bank commissioner within 15 calendar days of such cessation, and shall cause to be published in a newspaper of general circulation in the licensee's market area a notice to such effect. The bank commissioner shall adopt rules, in accordance with RSA 541-A, relative to such notice.
II. Failure to comply with the provisions of this chapter and rules or orders adopted under this section, shall be cause for denial of future license applications and the imposition of penalties under RSA 399-D:24.
III. Withdrawal of the surrendered license shall become effective 30 days after receipt by the commissioner of the license or within such shorter period of time as the commissioner may determine, unless a revocation or suspension proceeding is pending when the withdrawal is filed or a proceeding to revoke or suspend or to impose conditions upon the withdrawal is instituted within 30 days after the license is surrendered. If a proceeding is pending or instituted, the withdrawal becomes effective at such time and upon such conditions as the commissioner by order determines. If no proceeding is pending or instituted and the withdrawal automatically becomes effective, the commissioner may nevertheless institute a revocation or suspension proceeding under RSA 399-D:13 within one year after the withdrawal became effective and enter a revocation or suspension order as of the last date on which the license was effective.
Source. 2004, 230:1, eff. Sept. 9, 2004.
