2015 New Hampshire Revised Statutes
Title XXXVI - PAWNBROKERS AND MONEYLENDERS
Chapter 399-G - LICENSING OF MONEY TRANSMITTERS
Section 399-G:8 - License or Registration Term; Renewal.

[RSA 399-G:8 effective until January 1, 2016; see also RSA 399-G:8 set out below.]     399-G:8 License or Registration Term; Renewal. –
    I. Each license or registration shall remain in force until it has been surrendered, revoked, or suspended, or expires in accordance with the provisions of this chapter. Each license or registration shall expire on December 31 of each calendar year.
    II. If a person holds a valid license or registration under this section and is in compliance with this chapter and the rules thereunder, such licensee may renew the license or registration by paying the required fee to the banking department on or before December 1 for the ensuing year that begins on January 1. Failure to renew the license or registration shall result in the license or registration terminating on December 31.
    III. A renewal fee of $500 for the principal office license and $25 for each authorized delegate registration, up to a maximum annual fee of $5,000, shall be submitted with the application for license renewal.
    IV. No application for renewal shall be denied without reasonable cause and the right of appeal pursuant to RSA 541-A and RSA 541.
    399-G:8 License Surrender. --
    I. A licensee who ceases to engage in the business of money transmission at any time during a license year for any cause shall surrender such principal license and authorized delegate registrations, if any, and within 15 calendar days of such cessation shall cause to be published in a newspaper of general circulation in the licensee's market area a notice to such effect, and shall file an annual report pursuant to RSA 399-G:10 within 15 days of such cessation. The commissioner shall adopt rules, in accordance with RSA 541-A, relative to such notice and the process for surrender.
    II. Surrender of a license shall not take effect until the commissioner deems the surrender process complete.
    III. Failure to comply with the provisions of this section and rules adopted under this section shall be cause for denial of future license applications and the imposition of penalties under RSA 399-G:23.

Source. 2015, 258:1, eff. Jan. 1, 2016.