ND SB2093

Authorizes the commissioner of financial institutions to examine technology service providers that serve financial corporations and credit unions to evaluate their risk management systems, controls, and legal compliance.

Increases minimum capital requirements for trust companies from $100,000 to $1 million, with at least $500,000 in liquid assets.

Increases surety bond requirements for money brokers from $25,000 to $50,000 and for collection agencies from $20,000 to $50,000.

Changes deferred presentment service provider license notice requirements to include license number and instructions for customers to verify licensees on the nationwide multistate licensing system.

Modifies money transmitter annual fees to equal $500 or one-fourth of one percent of transmission dollar volume in North Dakota (whichever is greater), with a maximum cap of $2,500, and changes debt-settlement provider annual reporting deadline from August first to January first.