Notice of Significant Events

A Licensee shall notify the Commissioner immediately, in writing, and amend the Licensee's infor- mation and disclosures in the NMLS, within two business days of the occurrence of any of the fol- lowing significant developments: (a) Being charged with or convicted of any criminal felony offense. (b) Being charged with or convicted of any criminal misdemeanor offense involving financial ser- vices or a financial services related business; or any charge involving fraud, false statements or omissions, theft or wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extor- tion. (c) Receiving notification of the institution of license denial, cease and desist, suspension or revoca- tion procedures, or other formal or informal regulatory action, in any state against the Licensee. (d) Receiving notification of the initiation of any action against the Licensee by the Attorney Gen- eral of the Commonwealth or of any other state, pursuant to M.G.L. c. 93A, or any other compara- ble consumer protection statute. (e) The settlement or resolution of any civil action or proceeding against the Licensee involving fraud, misrepresentation, and/or wrongful taking of property. (f) Filing a personal bankruptcy petition or being the subject of an involuntary bankruptcy petition.