CMP.2.4.020 Application Procedure

(a) Submission to Authority. An Applicant seeking a License shall submit an Application to the Authority on such form as the Authority may require and accompanied by any required support materials and applicable fees, the amount of which shall be set by the Authority.

(b) Application Contents. At a minimum, the Applicant shall supply the following information:

(1) Each of the Applicant's Controlling Persons, if applicable; and

(2) For each natural Person identified on the Application, the name, mailing address, telephone number, email address, and other such identification information the Authority deems necessary; and

(3) A brief description on the type and nature of the Consumer Financial Services the Applicant intends to offer; and

(4) The Applicant's creation or incorporation documents, any articles of operation or bylaws, as well as any tax identification numbers; and

(5) For each natural Person identified on the Application, an Applicant shall supply the following information, if any:

(A) Each natural Person's criminal record and an explanation of any crimes for which he has been convicted or to which he or she has entered a plea of no contest, in any jurisdiction; and

(B) Each Person's civil record, identifying any civil suits, administrative proceedings, or regulatory actions in which a judgment has been entered against him or her in any jurisdiction; and

(C) A complete disclosure of any pending or anticipated civil, administrative, regulatory, or criminal action in any jurisdiction against the Applicant or any Person identified on the Application; and

(D) Governing Board Members are exempt from this subsection (e).

(6) The Applicant, and each natural Person identified, shall provide written permission giving the Authority the right to conduct background investigations, including any criminal, civil, and financial records, including credit history searches. Governing Board Members are exempt from this subsection (f); and

(7) A list of all Consumer Financial Services-related licenses the Applicant has ever applied for, in any jurisdiction, whether or not such licenses were issued; and

(8) The disclosure of whether there is a previous contractual relationship with any Indian tribe related to any Consumer Financial Services or similar Consumer financial industry; and

(9) A sworn statement that if the License applied for is issued, the Applicant will submit to the jurisdiction of the Tribe; the Applicant will abide by Tribal law and regulation as well as applicable Federal laws, regulations and policies; and that the information contained in the Application is true and correct to the best of the Applicant's knowledge.