Title 51A — BANKS AND BANKING

Source: SL 2023, ch 159 , § 15; SL 2024, ch 196 , § 106.

Source: SL 2023, ch 159 , § 16; SL 2024, ch 196 , § 107.

Source: SL 2008, ch 253 , § 23; SL 2022, ch 178 , § 7; SL 2024, ch 196 , § 108.

Source: SL 2008, ch 253 , § 24; SL 2024, ch 196 , § 109.

Source: SL 2008, ch 253 , § 25; SL 2024, ch 196 , § 110.

Source: SL 2008, ch 253 , § 26; SL 2024, ch 196 , § 111.

Source: SL 2008, ch 253 , § 27; SL 2022, ch 178 , § 8; SL 2024, ch 196 , § 112.

Source: SL 2008, ch 253 , § 28; SL 2022, ch 178 , § 9; SL 2024, ch 196 , § 113.

Source: SL 2008, ch 253 , § 29; SL 2024, ch 196 , § 114.

Source: SL 2008, ch 253 , § 3; SL 2020, ch 205 , § 1; SL 2024, ch 196 , § 82.

Source: SL 2008, ch 253 , § 30; SL 2024, ch 196 , § 115.

Source: SL 2008, ch 253 , § 31; SL 2024, ch 196 , § 116.

Source: SL 2008, ch 253 , § 32; SL 2024, ch 196 , § 117.

Source: SL 2008, ch 253 , § 33; SL 2024, ch 196 , § 118.

Source: SL 2008, ch 253 , § 34; SL 2024, ch 196 , § 119.

Source: SL 2008, ch 253 , § 35; SL 2024, ch 196 , § 120.

Source: SL 2008, ch 253 , § 36; SL 2024, ch 196 , § 121.

Source: SL 2008, ch 253 , § 37; SL 2024, ch 196 , § 122.

Source: SL 2008, ch 253 , § 38; SL 2024, ch 196 , § 123.

Source: SL 2008, ch 253 , § 39; SL 2024, ch 196 , § 124.

Source: SL 2008, ch 253 , § 4; SL 2015, ch 241 , § 3; SL 2019, ch 206 , § 1; SL 2024, ch 196 , § 83.

Source: SL 2008, ch 253 , § 40; SL 2024, ch 196 , § 125.

Source: SL 2008, ch 253 , § 41; SL 2024, ch 196 , § 126.

Source: SL 2008, ch 253 , § 42; SL 2024, ch 196 , § 127.

Source: SL 2008, ch 253 , § 43; SL 2024, ch 196 , § 128.

Repealed by SL 2012, ch 252 , § 27.

Source: SL 2008, ch 253 , § 45; SL 2024, ch 196 , § 129.

Source: SL 2008, ch 253 , § 46; SL 2024, ch 196 , § 130.

Source: SL 2008, ch 253 , § 47; SL 2024, ch 196 , § 131.

Source: SL 2015, ch 241 , § 4; SL 2019, ch 206 , § 7; SL 2024, ch 196 , § 132.

Source: SL 2015, ch 241 , § 5; SL 2024, ch 196 , § 133.

Source: SL 2008, ch 253 , § 5; SL 2024, ch 196 , § 84.

Source: SL 2015, ch 241 , § 6; SL 2024, ch 196 , § 134.

Source: SL 2022, ch 178 , § 10; SL 2024, ch 196 , § 135.

Terms used in this chapter mean: (1) "Acting in concert," persons knowingly acting together with a common goal of jointly acquiring control of a licensee whether or not pursuant to an express agreement; (2) "Authorized delegate," a person a licensee designates to engage in money …

This chapter does not apply to: (1) An operator of a payment system to the extent that it provides processing, clearing, or settlement services, between or among persons exempted by this section or licensees, in connection with wire transfers, credit card transactions, debit card…

(1) In order to carry out the purposes of this chapter, the director may, subject to the provisions of subdivisions 51A-17-55 (1) and (4): (a) Enter into agreements or relationships with other government officials or federal and state regulatory agencies and regulatory associatio…

(1) Except as otherwise provided in this section, all information or reports obtained by the director from an applicant, licensee, or authorized delegate and all information contained in or related to an examination, investigation, operating report, or condition report prepared b…

(1) The director may conduct an examination or investigation of a licensee or authorized delegate or otherwise take independent action authorized by this chapter or by a rule adopted or order issued under this chapter as reasonably necessary or appropriate to administer and enfor…

(1) To efficiently and effectively administer and enforce this chapter and to minimize regulatory burden, the director is authorized and encouraged to participate in multistate supervisory processes established between states and coordinated through the Conference of State Bank S…

(1) In the event state money transmission jurisdiction is conditioned on a federal law, any inconsistencies between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency. (2)…

(3) An order to cease and desist becomes effective upon service of it upon the person. (4) An order to cease and desist remains effective and enforceable pending the completion of an administrative proceeding pursuant to chapter 1-26 . (5) A person that is served with an order to…

Source: SL 2008, ch 253 , § 6; SL 2022, ch 178 , § 4; SL 2024, ch 196 , § 85.

(1) To establish consistent licensing between this state and other states, the director is authorized and encouraged to: (a) Implement all licensing provisions of this chapter in a manner that is consistent with other states that have adopted this chapter or multistate licensing …

(1) Applicants for a license must apply in a form and in a medium as prescribed by the director. Each form must contain content as set forth by rule, regulation, instruction, or procedure of the director and may be changed or updated by the director in accordance with applicable …

Any individual in control of a licensee or applicant or any individual that seeks to acquire control of a licensee, or each key individual must furnish to the director through NMLS the following items: (1) The individual's fingerprints for submission to the Federal Bureau of Inve…

If any individual in control of a licensee or applicant or any individual that seeks to acquire control of a licensee or each key individual has resided outside of the United States at any time in the last ten years, the individual must also provide an investigative background re…

When an application for an original license under this chapter appears to include all of the items and addresses all of the matters that are required, the application is complete, and the director must promptly notify the applicant in a record of the date on which the application…

A determination by the director that an application is complete and is accepted for processing means only that the application, on its face, appears to include all of the items, including the criminal background check response from the FBI, addresses all of the matters that are r…

When an application is filed and considered complete under §§ 51A-17-64 and 51A-17-65 , the director must investigate the applicant's financial condition and responsibility, financial and business experience, character, and general fitness. The director may conduct an on-site inv…