Section 16-24-15 - Criteria for proposed money transmitters Criteria applied by the commissioner in investigating an applicant for a money transmitter's license may include, but are not limited to:
(1) General character of management. This may include an evaluation of management's current and past business experience; financial resources and interests; and the allocation of proposed duties and responsibilities in relation to prior business experience and capabilities.(2) Financial history and condition. This may include a review, if requested, of pro forma statements, a schedule and appraisal of assets, and an evaluation of the applicant's net worth relative to its volume of business.[Eff 7/23/07] (Auth: HRS §§ 489D-33, 4890-34) (Imp: HRS §§ 489D-2, 489D-9, 489D-11)