40-22-113. Extraordinary reporting requirements.
(a) Within fifteen (15) business days of the occurrence of any one (1) of the events listed in this subsection, a licensee shall file a written report with the commissioner describing the event and its expected impact on the licensee's activities in the state:
(i) Any material changes in information provided in a licensee's application or renewal report;
(ii) The filing for bankruptcy or reorganization by the licensee;
(iii) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensee's money transmission activities;
(iv) Any felony indictment or conviction of the licensee or any of its executive officers related to money transmission activities.
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