53-208.62. Commissioner's participation in nationwide registry.
(a) The Commissioner may require all persons subject to this Article to be licensed through the NMLS, and upon issuing this requirement, the Commissioner shall establish a reasonable transition period. In order to carry out these requirements, the Commissioner may participate in the NMLS.
(b) The Commissioner may establish relationships or contracts with the NMLS or other entities designated by the NMLS to collect and maintain records and process transaction fees or other fees related to licensees or other persons subject to this Article.
(c) For the purpose of participating in the NMLS, the Commissioner may waive or modify, in whole or in part, any or all of the requirements as reasonably necessary to participate in the NMLS. (2016-81, s. 1; 2017-102, s. 46; 2018-142, s. 10(c).)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53 - Regulation of Financial Services
Article 16B - Money Transmitters Act.
§ 53-208.43 - License requirement.
§ 53-208.45 - License application.
§ 53-208.46 - Minimum net worth.
§ 53-208.48 - Permissible investments and statutory trust.
§ 53-208.49 - Application fees and annual assessment.
§ 53-208.50 - Issuance of license.
§ 53-208.51 - Prohibited practices.
§ 53-208.52 - Maintenance of records.
§ 53-208.54 - Notice of Material Event.
§ 53-208.55 - Examination and investigation authority.
§ 53-208.56 - Licensure authority.
§ 53-208.57 - Disciplinary authority.
§ 53-208.58 - Criminal penalties.
§ 53-208.59 - Confidentiality.
§ 53-208.61 - Service of process.
§ 53-208.62 - Commissioner's participation in nationwide registry.