51A-17-22. Written report of certain events required.
Within fifteen business days of the occurrence of any one of the events listed in this section, a licensee shall file a written report with the director describing the event and its expected impact on the licensee's activities in the state. Such events include:
(1)Any material changes in information provided in a licensee's application or renewal report;
(2)The filing for bankruptcy or reorganization by the licensee;
(3)The institution of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensees' money transmission activities;
(4)Any felony indictment of the licensee or any of its key officers or directors related to money transmission activities; and
(5)Any felony conviction of the licensee or any of its key officers or directors related to money transmission activities.
Source: SL 2008, ch 253, §22.