399-G:12 Maintenance of License; License Surrender. –
I. If at any point the licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license, the commissioner may suspend or revoke the licensee's license in accordance with the procedures established by this chapter and as required in RSA 541-A.
II. An applicant for money transmission license must demonstrate that it meets or will meet, and a money transmission licensee must at all times meet, the net worth, surety bond, and permissible investment requirements established in this chapter.
III. A licensee who ceases to engage in the business of money transmission at any time during a license year for any cause shall surrender such principal license and any authorized delegate registrations, and within 15 calendar days of such cessation shall publish, whether in a newspaper of general circulation in the licensee's market area or via electronic means such as the licensee's Internet website, a notice to such effect. The licensee shall provide any documentation the commissioner may require as part of the surrender request. Surrender of a licensee shall not take effect until the commissioner deems the surrender process complete.
IV. Failure to comply with paragraph III shall be cause for a denial of future license applications and the imposition of penalties under RSA 399-G:34.