2606

If a licensee surrenders his/her license, or if the same is revoked, cancelled, or suspended, he/she shall have the responsibility to notify his/her delegates to immediately cease to provide money services. The licensee must also retrieve all books, files, and documents related to the money transmitting business conducted by authorized delegates.\nIf a contract with an authorized delegate is rescinded, if the Commissioner suspends or revokes an authorized delegate's authorization, or if an authorized delegate decides to cancel his/her contract with the licensee or otherwise render it ineffective, the licensee shall have the responsibility to retrieve the machines and/or system used to carry out money transmissions, as well as the books, files, and documents related to the money transmitting business conducted by such authorized delegate.\nHistory —Sept. 21, 2010, No. 136, § 3.6, eff. 60 days after Sept. 21, 2010.