There is a newer version
of
this Section
2017 New Hampshire Revised Statutes
Title XXXVI - PAWNBROKERS AND MONEYLENDERS
Chapter 399-G - LICENSING OF MONEY TRANSMITTERS
Section 399-G:10 - Reporting and Filing Requirements.
Universal Citation: NH Rev Stat § 399-G:10 (2017)
399-G:10 Reporting and Filing Requirements. –
I. Each licensee shall file, under oath, an annual report with the banking department on or before March 31 each year concerning operations for the preceding year or license period ending December 31 upon the form prescribed by the department.
II. Each licensee shall file, under oath, its financial statement with the commissioner within 90 days from the date of its fiscal year end. The financial statement shall be prepared in accordance with generally accepted accounting principles with appropriate note disclosures and, unless excepted by an order from the commissioner for hardship reasons, shall be audited by an independent certified public accountant. The financial statement shall include or be accompanied by a calculation that reflects the fiscal year's average daily outstanding money transmissions as defined by RSA 399-G:1, IV in United States dollars. A money transmitter's financial statement shall include:
(a) A balance sheet;
(b) Income statement;
(c) Statement of changes in owners' equity;
(d) A cash flow statement; and
(e) A statement of net worth.
III. The department shall publish its analysis of the information required in the licensee's annual report as a part of the commissioner's annual report.
IV. Any money transmitter failing to file either the annual report or the financial statement required by this section within the time prescribed may be required to pay to the banking department a penalty of $25 for each calendar day the annual report or financial statement is overdue up to a maximum penalty of $2,500 per report or statement.
V. In addition to the annual report and financial statement, the banking department may require such additional regular or special reports as it may deem necessary for the proper supervision of licensees under this chapter.
VI. A document is filed when it is received by the commissioner. Electronic filings, when received by the commissioner, are:
(a) Deemed filed;
(b) Prima facie evidence that a filing has been duly authorized and made by the signatory on the application or document;
(c) Admissible in any civil or administrative proceeding under this chapter; and
(d) Admissible in evidence in accordance with the rules of a superior court in any action brought by the attorney general under this chapter.
VII. Examination fees and expenses, fines, penalties, and other moneys owed the department shall be paid within 14 days of receipt of notice by the licensee or at such later time as the commissioner prescribes by rule.
I. Each licensee shall file, under oath, an annual report with the banking department on or before March 31 each year concerning operations for the preceding year or license period ending December 31 upon the form prescribed by the department.
II. Each licensee shall file, under oath, its financial statement with the commissioner within 90 days from the date of its fiscal year end. The financial statement shall be prepared in accordance with generally accepted accounting principles with appropriate note disclosures and, unless excepted by an order from the commissioner for hardship reasons, shall be audited by an independent certified public accountant. The financial statement shall include or be accompanied by a calculation that reflects the fiscal year's average daily outstanding money transmissions as defined by RSA 399-G:1, IV in United States dollars. A money transmitter's financial statement shall include:
(a) A balance sheet;
(b) Income statement;
(c) Statement of changes in owners' equity;
(d) A cash flow statement; and
(e) A statement of net worth.
III. The department shall publish its analysis of the information required in the licensee's annual report as a part of the commissioner's annual report.
IV. Any money transmitter failing to file either the annual report or the financial statement required by this section within the time prescribed may be required to pay to the banking department a penalty of $25 for each calendar day the annual report or financial statement is overdue up to a maximum penalty of $2,500 per report or statement.
V. In addition to the annual report and financial statement, the banking department may require such additional regular or special reports as it may deem necessary for the proper supervision of licensees under this chapter.
VI. A document is filed when it is received by the commissioner. Electronic filings, when received by the commissioner, are:
(a) Deemed filed;
(b) Prima facie evidence that a filing has been duly authorized and made by the signatory on the application or document;
(c) Admissible in any civil or administrative proceeding under this chapter; and
(d) Admissible in evidence in accordance with the rules of a superior court in any action brought by the attorney general under this chapter.
VII. Examination fees and expenses, fines, penalties, and other moneys owed the department shall be paid within 14 days of receipt of notice by the licensee or at such later time as the commissioner prescribes by rule.
Source. 2015, 258:1, eff. Jan. 1, 2016.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
