ND HB1101

Creates new customer information disclosure requirements for money brokers, money transmitters, and debt-settlement providers under North Dakota Century Code Chapter 6-08.1.

Amends money broker licensing provisions to increase application investigation fee from $300 to $400 and annual license fee from $300 to $400, with $50 annual fee per branch location.

Clarifies that money transmission definition includes bill payment services but excludes payment processing activities conducted for merchants under agency relationships.

Updates prohibited acts for money brokers to ban precomputed loan agreements and requires licensees to notify the commissioner within twenty business days of name or address changes.

Expands mortgage loan originator exemptions to include employees of government agencies and nonprofit organizations who originate residential mortgage loans in compliance with federal regulations (12 CFR Part 1008).