Rhode Island § 19-14-12 § 19-14-12. Place of business — Branch offices — Name changes.

Rhode Island Statutes

§ 19-14-12 — § 19-14-12. Place of business — Branch offices — Name changes.

Rhode Island § 19-14-12

Title 19Financial institutions

Ch. 19-14Licensed Activities

This text of Rhode Island § 19-14-12 (§ 19-14-12. Place of business — Branch offices — Name changes.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-14-12 (2026).

Text

§ 19-14-12. Place of business — Branch offices — Name changes.
(a) Additional places of business may be maintained under the same license upon written
            application to the director, or the director's designee, for the establishment of
            an additional branch office. A separate application must be filed for each additional
            branch office being requested. At the time of the application, the licensee shall
            pay to, and for the use of, the state an investigation fee as provided for in § 19-14-3. Upon the filing of the application, the director, or the director's designee, shall
            investigate the facts, and if he or she finds that the requirements for licensure
      

Free access — add to your briefcase to read the full text and ask questions with AI

§ 19-14-12. Place of business — Branch offices — Name changes.

(a) Additional places of business may be maintained under the same license upon written application to the director, or the director's designee, for the establishment of an additional branch office. A separate application must be filed for each additional branch office being requested. At the time of the application, the licensee shall pay to, and for the use of, the state an investigation fee as provided for in § 19-14-3. Upon the filing of the application, the director, or the director's designee, shall investigate the facts, and if he or she finds that the requirements for licensure have been met, the director, or the director's designee, shall grant authority for the operation of the business under the license at the branch location. If the director, or the director's designee, shall not so find, he or she shall deny the licensee permission to establish the branch location in a manner consistent with the licensing application process. Upon approval of a branch location request, the licensee shall pay an additional annual licensing fee for each branch location in the manner consistent with the licensing application process.

(b) Whenever a licensee wishes to change his or her place of business or branch location to a street address other than that designated in the license, the licensee shall notify the director, or the director's designee, in the manner directed by the director, or the director's designee, prior to conducting business at that location. Unless the director, or the director's designee, finds that the new location is not in the best interests of the public, the director, or the director's designee, will reflect the change in the records of the department. At the time of notification, the licensee shall pay to the state the sum of fifty dollars ($50.00) as a processing fee.

(c) No licensee shall transact the business provided for by this chapter under any other name than that named in the license or branch certificate. Whenever a licensee shall wish to change the name, the licensee shall make written application to the director, or the director's designee. If the director, or the director's designee, shall find that the change of name is appropriate and all requirements for the name change have been met by the licensee, the director, or the director's designee, shall approve the change and reflect the new name in the records of the department. At the time of application for change of name, the licensee shall pay to, and for the use of, the state the sum of fifty dollars ($50.00) as a processing fee.