reglab/housing_qa huggingface dataset:
V.I. Code tit. 9, § 389 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 20 - Mortgage Loans|Subchapter II - S.A.F.E. Mortgage Licensing Act|§ 389. Confidentiality

 In order to promote more effective regulation and reduce regulatory burden through supervisory information sharing— (a) Protections. Except as otherwise provided in Public Law 110-289, the requirements under any Federal law or Virgin Islands law regarding the privacy or confidentiality of any information or material provided to the Nationwide Mortgage Licensing System and Registry, and any privilege arising under Federal or State law, including the rules of any Federal or State court, with respect to such information or material, shall continue to apply to such information or material after the information or material has been disclosed to the Nationwide Mortgage Licensing System and Registry. Such information and material may be shared with all State and Federal regulatory officials with mortgage industry oversight authority without the loss of privilege or the loss of confidentiality protections provided by Federal law or Virgin Islands public disclosure laws. (b) Agreements and Sharing Arrangements. For these purposes, the Banking Board or it designated agent may enter agreements or sharing arrangements with other governmental agencies, the Conference of State Bank Supervisors, the American Association of Residential Mortgage Regulators or other associations representing governmental agencies as established by rule, regulation or order of the Banking Board or its designated agent. (c) Nonapplicability of Certain Requirements. Information or material that is subject to a privilege or confidentiality under paragraph (1) of this subsection shall not be subject to— (1) Disclosure under any Federal or Virgin Islands law governing the disclosure to the public of information held by an officer or an agency of the Federal Government or the respective State; or (2) Subpoena or discovery, or admission into evidence, in any private civil action or administrative process, unless with respect to any privilege held by the Nationwide Mortgage Licensing System and Registry with respect to such information or material, the person to whom such information or material pertains waives, in whole or in part, in the discretion of such person, that privilege. (d) Coordination With Other Law. Any Virgin Islands law, including any Virgin Islands open record law, relating to the disclosure of confidential supervisory information or any information or material described in subsection (a) of this section which is inconsistent with subsection (a) is superseded by the requirements of this section. (e) Public Access to Information. This section does not apply with respect to the information or material relating to the employment history of, and publicly adjudicated disciplinary and enforcement actions against, mortgage loan originators that is included in the Nationwide Mortgage Licensing System and Registry for access by the public.
V.I. Code tit. 9, § 391 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 20 - Mortgage Loans|Subchapter II - S.A.F.E. Mortgage Licensing Act|§ 391. Broad administrative authority

 That the Banking Board shall have the broad administrative authority to administer, interpret and enforce this subchapter, and promulgate rules or regulations implementing this subchapter, in order to carry out the intentions of the Legislature.
V.I. Code tit. 9, § 393 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 20 - Mortgage Loans|Subchapter II - S.A.F.E. Mortgage Licensing Act|§ 393. Reports

 (a) Mortgage Call Reports. Each mortgage licensee shall submit to the Nationwide Mortgage Licensing System and Registry reports of condition, which shall be in such form and shall contain such information as the Nationwide Mortgage Licensing System and Registry may require. (b) Report to Nationwide Mortgage Licensing System and Registry. Subject to Virgin Islands privacy law the Banking Board or its designated agent is required to report regularly violations of this subchapter, as well as enforcement actions and other relevant information, to the Nationwide Mortgage Licensing System and Registry.
V.I. Code tit. 9, § 394 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 20 - Mortgage Loans|Subchapter II - S.A.F.E. Mortgage Licensing Act|§ 394. Nationwide mortgage licensing system and registry information challenge process

 The Banking Board or its designated agent shall establish a process whereby mortgage loan originators may challenge information entered into the Nationwide Mortgage Licensing System and Registry by the Banking Board or its designated agent.
V.I. Code tit. 9, § 395 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 20 - Mortgage Loans|Subchapter II - S.A.F.E. Mortgage Licensing Act|§ 395. Privately insured credit unions

 Non-federally insured credit unions that employ loan originators, as defined in PL 110-289, Title V, the S.A.F.E. Act, shall register such employees with the Nationwide Mortgage Licensing System and Registry by furnishing the information concerning the employees' identity set forth in Section 1507(a)(2) of PL 110-289, Title V.
V.I. Code tit. 9, § 396 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 20 - Mortgage Loans|Subchapter II - S.A.F.E. Mortgage Licensing Act|§ 396. Severability

 If any provision of this subchapter or its application to any person or circumstance is held invalid, the remainder of the subchapter or the application of the provision to other persons or circumstances is not affected.
V.I. Code tit. 9, § 397 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 20 - Mortgage Loans|Subchapter II - S.A.F.E. Mortgage Licensing Act|§ 397. Effective date

 In order to facilitate an orderly transition to licensing and minimize disruption in the mortgage marketplace, the effective date for implementation of this subchapter shall be December 31, 2010, or such later date approved by the Secretary of the United States Department of Housing and Urban Development, pursuant to the authority granted under Public Law 119-289, Section 1508(a).
V.I. Code tit. 9, § 501 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter I - General Provisions|§ 501. Short title

 This chapter may be cited as the “Uniform Money Services Act”.
V.I. Code tit. 9, § 503 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter I - General Provisions|§ 503. Exclusions

 This chapter does not apply to: (1) the United States or a department, agency, or instrumentality thereof; (2) money transmission by the United States Postal Service or by a contractor on behalf of the United States Postal Service; (3) a state, county, city, or any other governmental agency or governmental subdivision of a State; (4) a bank, bank holding company, office of an international banking corporation, branch of a foreign bank, corporation organized pursuant to the Bank Service Corporation Act, 12 U.S.C. Section 1861–1867, or corporation organized under the Edge Act, 12 U.S.C. Section 611–633, under the laws of a State or the United States if it does not issue, sell, or provide payment instruments or stored value through an authorized delegate that is not such a person; (5) electronic funds transfer of governmental benefits for a federal, state, territorial, or governmental agency by a contractor on behalf of the United States or a department, agency, or instrumentality thereof, or a State or governmental subdivision, agency, or instrumentality thereof; (6) a board of trade designated as a contract market under the federal Commodity Exchange Act, 7 U.S.C. Section 1–25, or a person that, in the ordinary course of business, provides clearance and settlement services for a board of trade to the extent of its operation as or for such a board; (7) a registered futures commission merchant under the federal commodities laws to the extent of its operation as such a merchant; (8) a person that provides clearance or settlement services pursuant to a registration as a clearing agency or an exemption from such registration granted under the federal securities laws to the extent of its operation as such a provider; (9) an operator of a payment system to the extent that it provides processing, clearing, or settlement services, between or among persons excluded by this section, in connection with wire transfers, credit card transactions, debit card transactions, stored-value transactions, automated clearing house transfers, or similar funds transfers; or (10) a person registered as a securities broker-dealer under federal or state securities laws to the extent of its operation as such a broker-dealer.
V.I. Code tit. 9, § 511 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter II - Money Transmission Licenses|§ 511. License required

 (a) A person may not engaged in the business of money transmission or advertise, solicit, or hold itself out as providing money transmission unless the person: (1) is licensed under this subchapter or approved to engage in money transmission under section 517; (2) is an authorized delegate of a person licensed under this subchapter; or (3) is an authorized delegate of a person approved to engage in money transmission under Section 517. (b) A license under this subchapter is not transferable or assignable.
V.I. Code tit. 9, § 513 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter II - Money Transmission Licenses|§ 513. Security

 (a) Except as otherwise provided in subsection (b), a surety bond, letter of credit, or other similar security acceptable to the Director in the amount of $50,000 plus $10,000 per location, not exceeding a total addition of $250,000, must accompany an application for a license. (b) Security must be in a form satisfactory to the Director and payable to the State for the benefit of any claimant against the licensee to secure the faithful performance of the obligations of the licensee with respect to money transmission. (c) The aggregate liability on a surety bond may not exceed the principal sum of the bond. A claimant against a licensee may maintain an action on the bond, or the Director may maintain an action on behalf of the claimant. (d) A surety bond must cover claims for so long as the Director specifies, but for at least five years after the licensee ceases to provide money services in this State. However, the Director may permit the amount of security to be reduced or eliminated before the expiration of that time to the extent the amount of the licensee's payment instruments or stored-value obligations outstanding in this State is reduced. The Director may permit a licensee to substitute another form of security acceptable to the Director for the security effective at the time the licensee ceases to provide money services in this State. (e) In lieu of the security prescribed in this section, an applicant for a license or a licensee may provide security in a form prescribed by the Director. (f) The Director may increase the amount of security required to a maximum of $1,000,000 if the financial condition of a licensee so requires, as evidenced by reduction of net worth, financial losses, or other relevant criteria.
V.I. Code tit. 9, § 514 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter II - Money Transmission Licenses|§ 514. Issuance of license

 (a) When an application is filed under this subchapter, the Director shall investigate the applicant's financial condition and responsibility, financial and business experience, character, and general fitness. The Director may conduct an on-site investigation of the applicant, the reasonable cost of which the applicant must pay. The Director shall issue a license to an applicant under this subchapter if the Director finds that all of the following conditions have been fulfilled: (1) the applicant has complied with sections 512, 513, and 516; and (2) the financial condition and responsibility, financial and business experience, competence, character, and general fitness of the applicant; and the competence, experience, character, and general fitness of the executive officers, managers, directors, and persons in control of, the applicant indicate that it is in the interest of the public to permit the applicant to engage in money transmission; (b) When an application for an original license under this subchapter is complete, the Director shall promptly notify the applicant in a record of the date on which the application was determined to be complete and: (1) the Director shall approve or deny the application within 120 days after that date; or (2) if the application is not approved or denied within 120 days after that date: (A) the application is approved; and (B) the license under this subchapter, takes effect as of the first business day after expiration of the period. (c) The Director may for good cause extend the application period. (d) An applicant whose application is denied by the Director under this subchapter may appeal, within 30 days after receipt of the notice of the denial, and request a hearing.
V.I. Code tit. 9, § 515 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter II - Money Transmission Licenses|§ 515. Renewal of license

 (a) A licensee under this subchapter shall pay an annual renewal fee of $2,000 no later than 30 days before the anniversary of the issuance of the license or, if the last day is not a business day, on the next business day. (b) A licensee under this subchapter shall submit a renewal report with the renewal fee, in a form and in a medium prescribed by the Director. The renewal report must state or contain: (1) a copy of the licensee's most recent audited annual financial statement or, if the licensee is a wholly owned subsidiary of another corporation, the most recent audited consolidated annual financial statement of the parent corporation or the licensee's most recent audited consolidated annual financial statement; (2) the number and monetary amount of payment instruments and stored-value sold by the licensee in this State which have not been included in a renewal report, and the monetary amount of payment instruments and stored value currently outstanding; (3) a description of each material change in information submitted by the licensee in its original license application which has not been reported to the Director on any required report; (4) a list of the licensee's permissible investments and a certification that the licensee continues to maintain permissible investments according to the requirements set forth in sections 561 and 562; (5) proof that the licensee continues to maintain adequate security as required by section 513; and (6) a list of the locations in this State where the licensee or an authorized delegate of the licensee engages in money transmission or provides other money services. (c) If a licensee does not file a renewal report or pay its renewal fee by the renewal date or any extension of time granted by the Director, the Director shall send the licensee a notice of suspension. Unless the licensee files the report and pays the renewal fee before expiration of 10 days after the notice is sent, the licensee's license is suspended 10 days after the Director sends the notice of suspension. The suspension must be lifted if, within 20 days after its license is suspended, the licensee: (1) files the report and pays the renewal fee; and (2) pays $100 for each day after suspension that the Director did not receive the renewal report and the renewal fee. (d) The Director for good cause may grant an extension of the renewal date.
V.I. Code tit. 9, § 516 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter II - Money Transmission Licenses|§ 516. Net worth of licensee

 A licensee under this subchapter shall maintain a net worth of at least $100,000 determined in accordance with generally accepted accounting principles.
V.I. Code tit. 9, § 517 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter II - Money Transmission Licenses|§ 517. Approval to engage in money transmission when licensed elsewhere

 (a) A person that is licensed to engage in money transmission in at least one other state, with the approval of the Director and in accordance with this section, may engage in money transmission and check [cashing] or currency exchange or both in this state without being licensed pursuant to section 511 if: (1) the state in which the person is licensed has enacted the Uniform Money Services Act or money transmission laws that are substantially similar to those imposed by the law of the United States Virgin Islands, as determined by the Director; (2) the person submits to the Director: (A) in a record a request for the approval to engage in money transmission and check cashing or currency exchange or both in this state without being licensed pursuant to section 511; (B) a non refundable fee of $1,000; (C) an application form; and (D) a certification of license history. (b) Before granting a person approval to engage in money transmission and check cashing or currency exchange or both in this state without being licensed pursuant to section 511, the Director shall make such considerations, determinations, and findings as required by rule or regulation. (c) When an application for approval under this section is complete, the Director shall notify the applicant in a record of the date on which the request was determined to be complete and: (1) the Director shall approve or deny the request within 120 days after that date; or (2) if the request is not approved or denied within 120 days after that date: (A) the request is approved; and (B) the approval under this section takes effect as of the first business day after expiration of the period. (d) A person that engages in money transmission and check cashing or currency exchange or both in this state pursuant to this section shall comply with the requirements of, and is subject to the sanctions under this chapter as if the person was licensed pursuant to section 511.
V.I. Code tit. 9, § 521 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter III - Check Cashing Licenses|§ 521. License required

 (a) A person may not engage in check cashing or advertise, solicit, or hold itself out as providing check cashing for which the person receives at least $500 within a 30-day period unless the person: (1) is licensed under this subchapter; (2) is licensed for money transmission under subchapter 2 or approved to engage in money transmission under section 517; (3) is licensed for currency exchange under subchapter 4; (4) is an authorized delegate of a person licensed under subchapter 2; or (5) is an authorized delegate of a person approved to engage in money transmission under section 517. (b) A license under this subchapter is not transferable or assignable.
V.I. Code tit. 9, § 522 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter III - Check Cashing Licenses|§ 522. Application for license

 (a) A person applying for a license under this subchapter shall do so in a form and in a medium prescribed by the Director. The application must state or contain: (1) the legal name and residential and business addresses of the applicant, if the applicant is an individual or, if the applicant is not an individual, the name of each partner, executive officer, manager, and director; (2) the location of the principal office of the applicant; (3) complete addresses of other locations in this State where the applicant proposes to engage in check cashing or currency exchange, including all limited stations and mobile locations; (4) a description of the source of money and credit to be used by the applicant to engage in check cashing and currency exchange; and (5) other information the Director reasonably requires with respect to the applicant, but not more than the Director may require under subchapter 2. (b) A nonrefundable application fee of $2,000 and a license fee of $2,000 must accompany an application for a license under this subchapter. The license fee must be refunded if the application is denied.
V.I. Code tit. 9, § 523 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter III - Check Cashing Licenses|§ 523. Issuance of license

 (a) When an application is filed under this subchapter, the Director shall investigate the applicant's financial condition and responsibility, financial and business experience, character, and general fitness. The Director may conduct an on-site investigation of the applicant, the reasonable cost of which the applicant must pay. The Director shall issue a license to an applicant under this subchapter if the Director finds that all of the following conditions have been fulfilled: (1) the applicant has complied with section 522; and (2) the financial condition and responsibility, financial and business experience, competence, character, and general fitness of the applicant; and the competence, experience, character, and general fitness of the executive officers, managers, directors, and persons in control of, the applicant indicate that it is in the interest of the public to permit the applicant to engage in check cashing. (b) When an application for an original license under this subchapter is complete, the Director shall issue the license under this subchapter, to take effect as of the first business day after expiration of the period. (c) The Director may for good cause extend the application period. (d) An applicant whose application is denied by the Director under this subchapter may appeal, within 30 days after receipt of the notice of the denial, from the denial and request a hearing.
V.I. Code tit. 9, § 524 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 22 - Uniform Money Services Act|Subchapter III - Check Cashing Licenses|§ 524. Renewal of license

 (a) A licensee under this subchapter shall pay a biennial renewal fee of $2,000 no later than 30 days before each biennial anniversary of the issuance of the license or, if the last day is not a business day, on the next business day. (b) A licensee under this subchapter shall submit a renewal report with the renewal fee, in a form and in a medium prescribed by the Director. The renewal report must state or contain: (1) a description of each material change in information submitted by the licensee in its original license application that has not been reported to the Director on any required report; and (2) a list of the locations in this State where the licensee or an authorized delegate of the licensee engages in check cashing or currency exchange, including limited stations and mobile locations. (c) If a licensee does not file a renewal report or pay its renewal fee by the renewal date or any extension of time granted by the Director, the Director shall send the licensee a notice of suspension. Unless the licensee files the report and pays the renewal fee before expiration of 10 days after the notice is sent, the licensee's license is suspended 10 days after the Director sends the notice of suspension. (d) The Director for good cause may grant an extension of the renewal date. The suspension must be lifted if, within 20 days after its license is suspended, the licensee: (1) files the report and pays the renewal fee; and (2) pays $100 for each day after suspension that the Director did not receive the renewal report and the renewal fee.