{"data":{"id":"us-nh/rsa-399-g-12","jurisdiction":"us-nh","citation":"RSA 399-G:12","heading":"Maintenance of License; License Surrender.","body":"I. If at any point the licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license, the commissioner may suspend or revoke the licensee's license in accordance with the procedures established by this chapter and as required in RSA 541-A.\nII. An applicant for money transmission license must demonstrate that it meets or will meet, and a money transmission licensee must at all times meet, the net worth, surety bond, and permissible investment requirements established in this chapter.\nIII. A licensee who ceases to engage in the business of money transmission at any time during a license year for any cause shall surrender such principal license and any authorized delegate registrations, and within 15 calendar days of such cessation shall publish, whether in a newspaper of general circulation in the licensee's market area or via electronic means such as the licensee's Internet website, a notice to such effect. The licensee shall provide any documentation the commissioner may require as part of the surrender request. Surrender of a licensee shall not take effect until the commissioner deems the surrender process complete.\nIV. Failure to comply with paragraph III shall be cause for a denial of future license applications and the imposition of penalties under RSA 399-G:34.","path":["Title XXXVI: PAWNBROKERS AND MONEYLENDERS","Chapter 399-G: LICENSING OF MONEY TRANSMITTERS"],"source_url":"https://gc.nh.gov/rsa/html/XXXVI/399-G/399-G-12.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T15:52:58Z","sha256":"f6a46e5ec43e16754e53647e4e2c1b14a857c791d1591acb622004a47e96bee6","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-399-g-11","next":"us-nh/rsa-399-g-13"},"notice":"GroundRules: Original legal text. Not legal advice."}