District of Columbia Statutes
§ 26-1011 — Special reporting requirements.
Within 15 days of the occurrence of any of the events listed below, a licensee shall file a written report with the Superintendent [Commissioner] describing the event and its expected impact on the licensee’s activities in the District:
(1)The filing for bankruptcy or reorganization by the licensee;
(2)The institution of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensees’ money transmission activities;
(3)Any felony indictment of the licensee or any of its key officers or directors related to money transmission activities; or
(4)Any felony conviction of the licensee or any of its key officers or directors related to money transmission activities.
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Legislative History
July 18, 2000, D.C. Law 13-140, § 12, 47 DCR 3431
Nearby Sections
15
§ 26-1001
Definitions.§ 26-1002
License required.§ 26-1003
Exemptions.§ 26-1004
License qualifications.§ 26-1006
License application.§ 26-1007
Bond or other security device.§ 26-1008
Application fee.§ 26-1009
Issuance of license.§ 26-1011
Special reporting requirements.§ 26-1012
Changes in control of a licensee.§ 26-1013
Examinations.§ 26-1014
Maintenance of records.