§ 2516 - Application for license - Vermont Statutes

§ 2516. Application for license

(a) A person applying for a license under this subchapter shall do so in a form and in a medium prescribed by the commissioner. The application shall state or contain:

(1) the legal name and residential and business addresses of the applicant, if the applicant is an individual and, if the applicant is not an individual, the name of each partner, executive officer, manager, director and principal equity owner and the business address of the applicant;

(2) the location of the principal office of the applicant;

(3) complete addresses of other locations in this state where the applicant proposes to engage in check cashing or currency exchange, including all limited stations and mobile locations;

(4) a description of the source of money and credit to be used by the applicant to engage in check cashing services and currency exchange; and

(5) other information the commissioner requires with respect to the applicant.

(b) A nonrefundable application fee of $500.00 and a license fee of $500.00 shall accompany an application for a license under this subchapter. The license fee shall be refunded if the application is denied. (Added 2001, No. 55, § 1, eff. Jan. 1, 2002.)