§ 2532 - Reports - Vermont Statutes

§ 2532. Reports

(a) A licensee shall file with the commissioner within 30 business days any material changes in information provided in a licensee's application as prescribed by the commissioner.

(b) A licensee shall file with the commissioner within 60 days of any change in the list of authorized delegates, responsible individuals, or locations in this state where the licensee or an authorized delegate of the licensee provides money services, including limited stations and mobile locations. Such notice shall state the name and street address of each authorized delegate or of each location removed or added to the licensee's list. Upon any such change, the licensee shall provide sufficient evidence that it is in compliance with section 2507 of this title.

(c) A licensee shall file a report with the commissioner within 15 business days after the licensee has reason to know of the occurrence of any of the following events:

(1) the filing of a petition by or against the licensee under the United States Bankruptcy Code for bankruptcy or reorganization;

(2) the filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors;

(3) the commencement of a disciplinary proceeding against its license in a state or country in which the licensee engages in business or is licensed;

(4) the cancellation or other impairment of the licensee's bond or other security;

(5) a charge or conviction against the licensee or of any of the executive officers, partners, members, managers, and principal equity owners of, or person in control of, the licensee for a felony related to the provision of money services; or

(6) a charge against or conviction of an authorized delegate for a felony related to the provision of money services. (Added 2001, No. 55, § 1, eff. Jan. 1, 2002.)