533D.7 - PRINCIPAL PLACE OF BUSINESS -- BRANCH OFFICES AUTHORIZED.
533D.7 PRINCIPAL PLACE OF BUSINESS -- BRANCH OFFICES AUTHORIZED. 1. Except as provided in subsection 2, a licensee may operate a delayed deposit services business only at an office designated as its principal place of business in the application. The licensee shall maintain its books, accounts, and records at its designated principal place of business. A licensee may change the location of its designated principal place of business with the prior written approval of the superintendent. The superintendent shall establish forms and procedures for determining whether the change of location should be approved. 2. A licensee may operate branch offices only in the same county in which the licensee's designated principal place of business is located. The licensee may establish a branch office or change the location of a branch office with the prior written approval of the superintendent. The superintendent shall establish forms and procedures for determining whether the location of a branch office should be approved. 3. A fee of twenty-five dollars shall be paid to the superintendent for each request made pursuant to subsection 1 or 2 for a change of location. For each new branch office established, a fee of two hundred fifty dollars shall be paid to the superintendent.
Section History: Recent Form 95 Acts, ch 139, §7; 2006 Acts, ch 1042, §29