The application for license must be in writing, under oath, and in the form prescribed
by the commissioner. The application must give the location where the business is to be conducted and
must contain any further information the commissioner requires, including the names
and addresses of the partners, officers, directors, trustees, and the principal owners
or members, as will provide the basis for the investigation and findings contemplated
by section 13-11-03. At the time of making the application, the applicant shall include payment in the
sum of four hundred dollars, which is not subject to refund, as a fee for investigating
the application; the sum of four hundred dollars for the annual license fee; and
provide a surety bond in the sum of fifty thousand dollars or an additional amount
as required by the commissioner by rule. In addition, the applicant shall pay a fifty dollar annual fee for each branch location. Fees must be deposited in the financial institutions regulatory fund as provided
under section 6-01-01.1.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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