1. (a) (1) In addition to any specific information required by the applicable chapter, annually, on or before April 1, a licensee shall file a report with the Commissioner to provide the information the Commissioner reasonably requires concerning the business and operations conducted in this State during the preceding calendar year.

   1. (2) The licensee shall submit the report under oath and in the form the Commissioner requires.
   2. (3) For good cause, the Commissioner may extend the due date for the annual report required by this subsection.
   3. (4) If a licensee does not file its annual report on or before April 1, or within any extension of time granted by the Commissioner, the licensee shall pay to the Department $1,000.00 for each month or part of a month that the report is past due, beginning on the date that is five business days after April 1 or the last date of such extension, as applicable.

2. (b) (1) Annually, not later than 90 days after the end of its fiscal year, a licensee shall file financial statements with the Commissioner in a form and substance acceptable to the Commissioner, which financial statements shall include a balance sheet and income statement.

   1. (2) This subsection does not apply to a lender making only commercial loans.
3. (c) A licensee shall submit to the Nationwide Multistate Licensing System and Registry reports of condition in a form and including the information the Nationwide Multistate Licensing System and Registry requires, if applicable.
4. (d) The Commissioner may require more frequent reports from any licensee.

(Added 2019, No. 20, § 2; amended 2019, No. 103 (Adj. Sess.), § 10; 2021, No. 25, § 4, eff. May 12, 2021.)