Banking
Money Transmitters — Licensee Changes Which Must Be Reported
For a Name Change
A licensee must give the director written notice of a proposed name change within 15 days of the occurrence of the proposed change using the NMLS.
For an Address Change
A licensee must give the director written notice of a proposed address change within 15 days of the occurrence of the proposed change using the NMLS.
Bankruptcy or Reorganization of the Licensee
A licensee must give the director written notice of a bankruptcy or reorganization of the licensee within 15 days of the occurrence of the bankruptcy or reorganization using the NMLS.
Institution of Revocation or Suspension Proceedings
A licensee must give the director written notice of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensees' money transmission activities within 15 days of the occurrence of the revocation or suspension proceedings using the NMLS.
Felony Indictment
A licensee must give the director written notice of any felony indictment of the licensee or any of its key officers or directors related to money transmission activities within 15 days of the indictment using the NMLS.
Felony Conviction
A licensee must give the director written notice of any felony conviction of the licensee or any of its key officers or directors related to money transmission activities within 15 days of the conviction using the NMLS.
For Change of Control
A licensee must give the director written notice of a proposed change of control within 15 days after learning of the proposed change of control and request approval of the acquisition using the NMLS.
Material Changes
A licensee must give the director written notice of any material changes in the information provided in the licensee's application or renewal report within 15 days of the occurrence of the changes using the NMLS.