13-11-04. Fee and bond to accompany application for debt-settlement license.
167 words·~1 min read·
/nd/title-13/chapter-13-11-debt-settlement-providers/13-11-04·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The application for license must be in writing, under oath, and in the form prescribed by the commissioner. The application must give the location where the business is to be conducted and must contain any further information the commissioner requires, including the names and addresses of the partners, officers, directors, trustees, and the principal owners or members, as will provide the basis for the investigation and findings contemplated by section 13-11-03. At the time of making the application, the applicant shall include payment in the sum of four hundred dollars, which is not subject to refund, as a fee for investigating the application; the sum of four hundred dollars for the annual license fee; and provide a surety bond in the sum of fifty thousand dollars or an additional amount as required by the commissioner by rule.
In addition, the applicant shall pay a fifty dollar annual fee for each branch location. Fees must be deposited in the financial institutions regulatory fund as provided under section 6-01-01.1.