N.D. Cent. Code ch. 13-09.1 – Money Transmitters | Midpage

Collections
North Dakota Century Code

Chapter 13-09.1

N.D. Cent. Code ch. 13-09.1

Money Transmitters

13-09.1-01Definitions 13-09.1-02Exemptions 13-09.1-03Authority to require demonstration of exemption 13-09.1-04Implementation 13-09.1-05Confidentiality 13-09.1-06Supervision 13-09.1-07Networked supervision 13-09.1-08Relationship to federal law 13-09.1-09License required 13-09.1-10Consistent state licensing 13-09.1-11Application for license 13-09.1-12Information requirements for certain individuals 13-09.1-13Issuance of license 13-09.1-14Renewal of license 13-09.1-15Maintenance of license 13-09.1-16Acquisition of control 13-09.1-17Notice and information requirements for a change of key individuals 13-09.1-18Report of condition 13-09.1-19Audited financials 13-09.1-20Authorized delegate reporting 13-09.1-21Reports of certain events 13-09.1-22Anti-money laundering - Countering the financing of terrorism reports 13-09.1-23Records 13-09.1-24Relationship between licensee and authorized delegate 13-09.1-25Unauthorized activities 13-09.1-26Prohibited authorized new delegates - Penalty 13-09.1-27Timely transmission 13-09.1-28Refunds 13-09.1-29Receipts 13-09.1-30Notice 13-09.1-31Disclosures for payroll processing services 13-09.1-32Net worth 13-09.1-33Surety bond 13-09.1-34Maintenance of permissible investments 13-09.1-35Types of permissible investments 13-09.1-36Suspension and revocation 13-09.1-37Suspension and revocation of authorized delegates 13-09.1-38Orders to cease and desist 13-09.1-39Consent orders 13-09.1-40Criminal penalties 13-09.1-41Civil penalties 13-09.1-42Unlicensed persons 13-09.1-43Transition period 13-09.1-44Definitions 13-09.1-45Scope 13-09.1-46Conditions precedent to engaging in virtual-currency business activity 13-09.1-47Required disclosures 13-09.1-48Property interests and entitlement to virtual currency 13-09.1-49Additional requirement and clarifications for virtual-currency business activities 13-09.1-50Virtual-currency kiosks 13-09.1-51Disclosures 13-09.1-52Prevention of fraudulent activity 13-09.1-53Daily transaction limit 13-09.1-54Customer service