1.    Upon receipt of a complete application, the commissioner shall determine whether the qualifications prescribed under this chapter are satisfied. If the commissioner determines the qualifications are satisfied and approves the documents, the commissioner shall issue to the applicant a license to engage in the deferred presentment service business.

Terms Used In North Dakota Code 13-08-06

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49

2.    A licensee shall keep a notice conspicuously posted in the place of business of the licensee and shall provide the same notice to its customers in this state. This notice must include the license number and instructions for customers to look up the licensee on the nationwide multistate licensing system for license verification.

3.    A license issued under this section is effective through the remainder of the fiscal year ending December thirty-first after the license’s date of issuance unless earlier surrendered, suspended, or revoked under this chapter.

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