Iowa Admin. Code r. 187-17.6 - Changes in the licensee's name, location, or control
(1) A licensee wishing to change the name or
location of a delayed deposit services business shall notify the superintendent
at least 30 days prior to the requested change. The request shall include proof
that the licensee has either obtained a new bond or amended the existing bond
to reflect the new name or location. The licensee shall submit a $25 fee per
license in conjunction with the request. A licensee may not enter into delayed
deposit transactions under a different name without providing such notice and
submitting the required fee.
(2) A
licensee wishing to establish a branch office must submit the application to
the superintendent on the form provided and with the information requested
through the NMLS , along with a fee of $250. Licenses issued to branch offices
are treated as independent licenses and are subject to the renewal
requirements, fees, and procedures specified in rule 187-17.5 (17A,533D).
(3) When change of
control of a licensee is proposed, the party that will assume control of the
licensee shall give notice to the superintendent at least 60 days before the
proposed change will take effect. Change of control is defined in Iowa Code
section
533D.6.
The party that will assume control of the licensee shall furnish the
superintendent with the same information required of initial applicants for a
license, along with a fee of $100. The party that will assume control may be
required to provide fingerprints, authorize a fingerprint background check
through NMLS , and pay the appropriate fees for the purpose of conducting a
national criminal history background check through the Federal Bureau of
Investigation. The superintendent shall approve or deny the request in
accordance with the provisions of Iowa Code section
533D.3.
(4) Failure to notify the administrator
within the prescribed time as required by this rule may subject the licensee to
disciplinary action.
Notes
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