Section 12-416 - Reports to Commissioner(a) A licensee shall submit to NMLS a call report once each quarter on the date, in the form, and containing the information that NMLS requires.(b)(1) Within 15 days after the occurrence of any of the following events, a licensee shall file a written report with the Commissioner describing the event and its expected impact on the licensee's activities in the State: (i) The filing for bankruptcy or reorganization by the licensee;(ii) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensee's money transmission activities in any state;(iii) Any felony indictment or conviction of the licensee or any of its officers or directors related to money transmission activities;(iv) The commencement of any civil action by a buyer or holder of a payment instrument or person for whom or to whom money is transmitted against a licensee; and(v) The filing of any material litigation against the licensee.(2) The written report required under paragraph (1) of this subsection shall be submitted to the Commissioner through NMLS.(c) A licensee shall submit to NMLS the Uniform Authorized Agent Reporting once each quarter on the date that NMLS requires.(d) A licensee promptly shall file with the Commissioner any demand borrowing agreement or agreements into which the licensee may enter as a permissible investment or a deposit in lieu of a surety bond.Amended by 2021 Md. Laws, Ch. 100,Sec. 3, eff. 10/1/2021.Amended by 2014 Md. Laws, Ch. 421,Sec. 1, eff. 10/1/2014.