Connecticut General Statutes 36a-582 – License and location fees. Automatic suspension of license or renewal license. Notice. Opportunity for hearing. Expenses of examination
(a) Each applicant for a check cashing license shall pay to the system any required fees or charges and a nonrefundable initial license fee of one thousand one hundred dollars. Each license issued pursuant to section 36a-581 shall expire at the close of business on December thirty-first of the year in which the license is approved, unless such license is renewed, except that any such license approved on or after November first shall expire at the close of business on December thirty-first of the year following the year in which it is approved. An application for renewal of a license shall be filed between November first and December thirty-first of the year in which such license expires. Each applicant for the renewal of such license shall pay to the system any required fees or charges and a nonrefundable renewal fee of eight hundred dollars.
Terms Used In Connecticut General Statutes 36a-582
- Commissioner: means the Banking Commissioner and, with respect to any function of the commissioner, includes any person authorized or designated by the commissioner to carry out that function. See Connecticut General Statutes 36a-2
- Licensee: means any person who is licensed or required to be licensed pursuant to the applicable provisions of this title. See Connecticut General Statutes 36a-2
- System: means the Nationwide Mortgage Licensing System and Registry, NMLS, NMLSR or such other name or acronym as may be assigned to the multistate system developed by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators and owned and operated by the State Regulatory Registry, LLC, or any successor or affiliated entity, for the licensing and registration of persons in the mortgage and other financial services industries. See Connecticut General Statutes 36a-2
(b) The commissioner may, in accordance with section 36a-24b, automatically suspend the license of any licensee who has received a deficiency on the system indicating that a required payment was Returned-ACH or returned pursuant to any other term as may be utilized by the system to indicate that payment was not accepted. After a license has been automatically suspended pursuant to this subsection, the commissioner shall (1) give the licensee notice of such automatic suspension pending proceedings for revocation of or refusal to renew the license pursuant to section 36a-587 and an opportunity for a hearing in accordance with section 36a-51, and (2) require the licensee to take or refrain from taking action as the commissioner deems necessary to effectuate the purpose of this section.
(c) Each licensee shall pay the expenses of any examination or other investigation under sections 36a-580 to 36a-589, inclusive.
(d) No abatement of any fee required by this section shall be made if the application is denied or withdrawn prior to issuance of the license or if the license is surrendered, cancelled, revoked or suspended prior to the expiration of the period for which it was issued.