[§489D-14]  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 changes in information provided in a licensee's application or renewal report;

     (2)  The filing for bankruptcy or reorganization by the licensee;

     (3)  Revocation or suspension proceedings 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 key officers or directors related to money transmission activities; or

     (5)  Any felony conviction of the licensee or any of its key officers or directors related to money transmission activities. [L 2006, c 153, pt of §1]