RSA 399-G:21 Relationship between Licensee and Authorized Delegate.

Title: XXXVI - PAWNBROKERS AND MONEYLENDERS Chapter: 399-G - LICENSING OF MONEY TRANSMITTERS

I. In this section, "remit" means to make direct payments of money to a licensee or its representative authorized to receive money or to deposit money in a bank in an account specified by the licensee.
II. Before a licensee is authorized to conduct business through an authorized delegate or allows a person to act as the licensee's authorized delegate, the licensee must:
(a) Adopt, and update as necessary, written policies and procedures reasonably designed to ensure that the licensee's authorized delegates comply with applicable state and federal law;
(b) Enter into a written contract that complies with paragraph IV; and
(c) Conduct a reasonable risk-based background investigation sufficient for the licensee to determine whether the authorized delegate has co

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