2019 District of Columbia Code
Title 26 - Banks and Other Financial Institutions.
Chapter 10 - Money Transmissions.
§ 26–1011. Special reporting requirements.
Within 15 days of the occurrence of any of the events listed below, a licensee shall file a written report with the Superintendent [Commissioner] describing the event and its expected impact on the licensee’s activities in the District:
(1) The filing for bankruptcy or reorganization by the licensee;
(2) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensees’ money transmission activities;
(3) Any felony indictment of the licensee or any of its key officers or directors related to money transmission activities; or
(4) Any felony conviction of the licensee or any of its key officers or directors related to money transmission activities.
(July 18, 2000, D.C. Law 13-140, § 12, 47 DCR 3431.)
