HAR §16-117-13. Registration requirements

(a) Application for registration shall be made under oath on a form provided by the director. The form may require the activity desk to provide: (1) The activity desk’s name and any trade names being used; (2) Evidence of registration of the corporation, partnership, organization, association, and any trade names with the business registration division of the department; (3) The applicant’s business address and phone number and the business addresses and phone numbers of each branch office; and (4) Evidence that a client trust account has been established, or in lieu of a client trust account, evidence that a bond or an irrevocable letter of credit has been issued. The bond or the irrevocable letter of credit shall be submitted with a notarized report verifying the average monthly net sales revenue of the activity desk and any branch offices. (b) A separate registration shall be made for a branch office if the branch office utilizes a separate client trust account from the principal office. 117-4 §16-117-19 (c) No separate registration shall be made for branch offices of an activity desk which provides a bond or an irrevocable letter of credit in lieu of a bond. (d) Each application shall be accompanied with the appropriate fees. (e) It shall be each applicant’s responsibility to furnish the information or documentation required. [Eff 1/16/93] (Auth: §§ -2, -17, Act 231, SLH 1992) (Imp: §§ -2, -10, Act 231, SLH 1992)