N.J. Admin. Code § 3:27-2.2 - Application for an initial license
(a) All persons
applying for an initial license pursuant to the Act shall submit the following:
1. A completed application form as prescribed
by the Commissioner which shall comply in all respects with the requirements of
17:15C-7;
2. An original, executed bond or an
irrevocable letter of credit which meets the requirements of
3:27-4.1;
3. An audited financial statement prepared by
a certified public accountant or a public accountant, in good standing,
demonstrating proof of net worth as specified in
3:27-5.1; and
(b) In addition, for each executive officer,
key shareholder, officer, owner, partner and manager responsible for the
business to be licensed, the following information is required to be furnished
to the Department:
1. A personal
certification on a form supplied by the Commissioner;
2. A two inch by two inch passport style
photograph of the persons listed in (b) above;
3. Fingerprints in the manner currently
required by the New Jersey State Police or their authorized representative. In
the case of a publicly traded corporation, its subsidiaries and affiliates, or
a bank, bank holding company, and the subsidiaries and affiliates thereof, it
is not required that the applicant furnish the fingerprints of each of the
applicant's executive officers and of each officer or manager who will be in
charge of the applicant's activities requiring licensure; and
4. Additional information, which may be
specifically requested by the Commissioner from a particular
applicant.
(c) No
applicant for a license shall commence operations until a license has been
issued.
(d) Corporate applicants
for a money transmitter license shall submit a copy of the Certificate of
Incorporation showing the filed or recording stamp of the New Jersey Department
of Treasury, Division of Revenue, and shall identify the registered agent for
service of process. Foreign corporations shall submit a New Jersey Certificate
of Authority in addition to a corporate certificate.
(e) Individual or partnership applicants
using a trade name shall submit a copy of the trade name as filed with the
county clerk showing the date of recording.
(f) Corporations using alternate names shall
file a copy of registration of such name, as recorded, as part of their
applications, in addition to the documents listed in (a) above.
(g) Limited liability companies shall file a
copy of the Certificate of Formation.
Notes
See: 35 New Jersey Register 4938(a), 36 New Jersey Register 1958(a).
Former N.J.A.C. 3:27-2.2, Conversion of an existing license, repealed. Added (b) through (g).
Amended by R.2006 d.235, effective
See: 38 N.J.R. 5(a), 38 N.J.R. 2671(a).
Added "and" in (a)3, substituted "and 3:23-2.1" for "; and" in (a)4 and deleted (a)5; and rewrote(b)1, inserted "and" at the end of (b)3, deleted former (b)4 and recodified (b)5 as (b)4 and deleted (b)6.
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