N.D. Cent. Code ch. 13-04.1 – Money Brokers | Midpage

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North Dakota Century Code

Chapter 13-04.1

N.D. Cent. Code ch. 13-04.1

Money Brokers

13-04.1-01Administration 13-04.1-01.1Definitions 13-04.1-02Money broker license required 13-04.1-02.1Entities exempted from licensing requirements 13-04.1-03Application for money broker license 13-04.1-04Fee to accompany application for money broker license 13-04.1-04.1Surety bond required 13-04.1-04.2Minimum net worth required 13-04.1-05Expiration and renewal of license 13-04.1-05.1Automatic six-month extension of license during 2009 calendar year 13-04.1-06Powers of the department of financial institutions 13-04.1-07Manner in which records to be kept 13-04.1-08Revocation of license - Suspension of license - Surrender of license 13-04.1-08.1Suspension and removal of money broker officers and employees 13-04.1-09Prohibited acts and practices 13-04.1-09.1Advance fees prohibited - Exception 13-04.1-09.2Maximum charges permitted for loans not in excess of one thousand dollars - Refund - Installment payments - Permitted charges 13-04.1-09.3Maximum charges permitted for loans - Installment payments - Permitted charges 13-04.1-10Orders and injunctions 13-04.1-11Investigations, subpoenas, and examination authority 13-04.1-11.1Response to department requests 13-04.1-12Remedies not exclusive 13-04.1-13Penalty 13-04.1-14Confidentiality 13-04.1-15Change of name or address 13-04.1-16Call reports 13-04.1-17Report to nationwide multistate licensing system and registry 13-04.1-18Disclosure of customer information