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ND HB1084
Bill
Status
4/8/2013
Primary Sponsor
Industry, Business and Labor Committee
Click for details
AI Summary
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Establishes automatic six-month license extensions through December 31, 2014 for collection agencies, deferred presentment service providers, and money transmitters who paid fees after July 1, 2013.
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Changes license expiration dates from June 30 to December 31 for collection agencies, deferred presentment service providers, and money transmitters.
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Authorizes the Department of Financial Institutions commissioner to establish relationships with nationwide multistate licensing systems to collect applicant information including fingerprints, credit reports, and criminal history, with applicants paying fees directly to the system.
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Protects confidentiality of information shared between the commissioner and nationwide multistate licensing systems, with information furnished by either party remaining privileged in the other's possession.
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Modifies deferred presentment service transaction requirements to change maximum term limits from "sixty business days" to "sixty calendar days" and minimum renewal periods from "fifteen business days" to "fifteen calendar days."
Legislative Description
The confidentiality of information shared with a nationwide multistate licensing system, collection agency license applications, the expiration and renewal of a collection agency license, deferred presentment service provider license applications, the expiration and renewal of a deferred presentment service provider license, deferred presentment service transaction procedures, money transmitter license applications, the expiration and renewal of a money transmitter license, and debt-settlement provider license applications.
Last Action
Signed by Governor 04/08
4/8/2013