HRS §489D-14
Reporting major changes to the state money transmitter office
A money transmitter must tell the state commissioner in writing within 15 business days if certain big events happen, like big changes in their info, bankruptcy, or legal trouble. The report must say what happened and how it may affect their business in Hawaii.
The statute, as written — Extraordinary reporting requirements
Within fifteen business days of the occurrence of any one of the events listed below, a licensee shall file a written report with the commissioner describing the event and its expected impact on the licensee's activities in this State. These events are: (1) Any material change in information provided in a licensee's application or annual report; (2) The filing for bankruptcy or reorganization by the licensee; (3) Pending or final revocation, suspension, or other enforcement action against the licensee by any state or governmental authority relating to the licensee's money transmission activities; (4) Any felony indictment of the licensee or any of its principals related to money transmission activities; and (5) Any felony conviction of the licensee or any of its principals related to money transmission activities.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.