SB2093 — AN ACT to amend and reenact sections 6‑01‑09, 6‑05‑03, and 6‑05‑28, subsection 3 of section 6‑08.1‑01, sections 13‑04.1‑04.1, 13‑05‑04.1, and 13‑08‑06, subsection 1 of section 13‑09‑10, and section 13‑11‑08 of the North Dakota Century Code, relating to the examination of technology service providers, the capital requirement for trust companies, the examination of trust companies, the definition of a financial institution, surety bond requirements for money brokers and collection agencies, notice requirement for deferred presentment service providers, fees for money transmitters, and reporting requirements for debt-settlement providers; and to repeal sections 13‑04.1‑05.1, 13‑05‑05.2, 13‑08‑05.2, and 13‑09‑10.1 of the North Dakota Century Code, relating to automatic renewal of license in 2009 for money brokers, automatic renewal of license in 2014 for collection agencies, deferred presentment service providers, and money transmitters.

SB2093 — AN ACT to amend and reenact sections 6‑01‑09, 6‑05‑03, and 6‑05‑28, subsection 3 of section 6‑08.1‑01, sections 13‑04.1‑04.1, 13‑05‑04.1, and 13‑08‑06, subsection 1 of section 13‑09‑10, and section 13‑11‑08 of the North Dakota Century Code, relating to the examination of technology service providers, the capital requirement for trust companies, the examination of trust companies, the definition of a financial institution, surety bond requirements for money brokers and collection agencies, notice requirement for deferred presentment service providers, fees for money transmitters, and reporting requirements for debt-settlement providers; and to repeal sections 13‑04.1‑05.1, 13‑05‑05.2, 13‑08‑05.2, and 13‑09‑10.1 of the North Dakota Century Code, relating to automatic renewal of license in 2009 for money brokers, automatic renewal of license in 2014 for collection agencies, deferred presentment service providers, and money transmitters. · Informed CitizenrySB2093 amends several sections of the North Dakota Century Code to update regulations for financial institutions, trust companies, and various service providers. Key changes include: - Expanding…Open in Informed Citizenry