reglab/housing_qa huggingface dataset:
AR Code § 23-55-701 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 7 - Permissible Investments|§ 23-55-701. Maintenance of permissible investments

 (a) A licensee shall maintain at all times permissible investments that have a market value computed in accordance with generally accepted accounting principles or international financial reporting standards of not less than the aggregate amount of all of its outstanding payment instruments and stored value and prepaid access obligations issued or sold in all states and money transmitted from all states by the licensee.  (b) The commissioner, with respect to any licensees, may limit the extent to which a type of investment within a class of permissible investments may be considered a permissible investment, except for money and certificates of deposit issued by a bank. The commissioner by rule may prescribe or by order allow other types of investments that the commissioner determines to have a safety substantially equivalent to other permissible investments.  (c) Permissible investments, even if commingled with other assets of the licensee, are held in trust for the benefit of the purchasers and holders of the licensee's outstanding payment instruments and stored value and prepaid access obligations in the event of bankruptcy or receivership of the licensee.
AR Code § 23-55-801 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 8 - Enforcement|§ 23-55-801. Suspension and revocation

 (a) The commissioner may suspend or revoke a license or order a licensee to revoke the designation of an authorized delegate if:  (1) the licensee violates this chapter or a rule adopted or an order issued under this chapter;  (2) the licensee does not cooperate with an examination or investigation by the commissioner;  (3) the licensee engages in fraud, intentional misrepresentation, or gross negligence;  (4) an authorized delegate is convicted of a violation of a state or federal anti-money laundering statute, or violates a rule adopted or an order issued under this chapter, as a result of the licensee's willful misconduct or willful blindness;  (5) the competence, experience, character, or general fitness of the licensee, authorized delegate, person in control of a licensee, or responsible person of the licensee or authorized delegate indicates that it is not in the public interest to permit the person to provide money services;  (6) the licensee engages in an unsafe or unsound practice;  (7) the licensee is insolvent, suspends payment of its obligations, or makes a general assignment for the benefit of its creditors;  (8) the licensee does not remove an authorized delegate after the commissioner issues and serves upon the licensee a final order including a finding that the authorized delegate has violated this chapter; or  (9) the licensee is the subject of an order, including a denial, suspension, or revocation, by this or any other state or federal authority that was entered against the person within the past 5 years, including without limitation the money services industry.    (b) In determining whether a licensee is engaging in an unsafe or unsound practice, the commissioner may consider the size and condition of the licensee's money transmission, the magnitude of the loss, the gravity of the violation of this chapter, and the previous conduct of the person involved.
AR Code § 23-55-802 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 8 - Enforcement|§ 23-55-802. Suspension and revocation of authorized delegates

 (a) The commissioner may issue an order suspending or revoking the designation of an authorized delegate, if the commissioner finds that:  (1) the authorized delegate violated this chapter or a rule adopted or an order issued under this chapter;  (2) the authorized delegate did not cooperate with an examination or investigation by the commissioner;  (3) the authorized delegate engaged in fraud, intentional misrepresentation, or gross negligence;  (4) the authorized delegate is convicted of a violation of a state or federal anti-money laundering statute;  (5) the competence, experience, character, or general fitness of the authorized delegate or a person in control of the authorized delegate indicates that it is not in the public interest to permit the authorized delegate to provide money services; or  (6) the authorized delegate is engaging in an unsafe or unsound practice.    (b) In determining whether an authorized delegate is engaging in an unsafe or unsound practice, the commissioner may consider the size and condition of the authorized delegate's provision of money services, the magnitude of the loss, the gravity of the violation of this chapter or a rule adopted or order issued under this chapter, and the previous conduct of the authorized delegate.  (c) An authorized delegate may apply for relief from a suspension or revocation of designation as an authorized delegate according to procedures prescribed by the commissioner.
AR Code § 23-55-803 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 8 - Enforcement|§ 23-55-803. Orders to cease and desist

 (a) If the Securities Commissioner determines that a violation of this chapter or of a rule adopted or an order issued under this chapter by a licensee, authorized delegate, or any other person is likely to cause immediate and irreparable harm to the licensee, its customers, or the public as a result of the violation or cause insolvency or significant dissipation of assets of the licensee, the commissioner may issue a summary order requiring the licensee, authorized delegate, or any other person to cease and desist from the violation. The order becomes effective upon service of it upon the licensee, authorized delegate, or any other person.  (b) The commissioner may issue a summary order against a licensee to cease and desist from providing money services through an authorized delegate that is the subject of a separate order by the commissioner.  (c) An order to cease and desist remains effective and enforceable pending the completion of an administrative proceeding pursuant to § 23-55-901 or § 23-55-902 and the entry of a subsequent order to affirm, modify, or vacate the order by the commissioner.
AR Code § 23-55-804 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 8 - Enforcement|§ 23-55-804. Consent orders

 The commissioner may enter into a consent order at any time with a person to resolve a matter arising under this chapter or a rule adopted or order issued under this chapter. A consent order must be signed by the person to whom it is issued or by the person's authorized representative, and must indicate agreement with the terms contained in the order. A consent order may provide that it does not constitute an admission by a person that this chapter or a rule adopted or an order issued under this chapter has been violated.
AR Code § 23-55-805 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 8 - Enforcement|§ 23-55-805. Civil penalties

 The commissioner may assess a civil penalty against a person that violates this chapter or a rule adopted or an order issued under this chapter in an amount not to exceed $1,000 per day for each day the violation is outstanding, plus this State's costs and expenses for the investigation and prosecution of the matter, including reasonable attorney's fees.
AR Code § 23-55-806 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 8 - Enforcement|§ 23-55-806. Criminal penalties

 (a) A person that intentionally makes a false statement, misrepresentation, or false certification in a record filed or required to be maintained under this chapter, that intentionally makes a false entry or omits a material entry in such a record, or violates any rule promulgated or order issued hereunder is guilty of a Class B felony.  (b) A person that knowingly engages in an activity for which a license is required under this chapter without being licensed under this chapter and who receives more than $500 in compensation within a 30-day period from this activity is guilty of a Class B felony.  (c) A person that knowingly engages in an activity for which a license is required under this chapter without being licensed under this chapter and who receives no more than $500 in compensation within a 30-day period from this activity is guilty of a Class A misdemeanor.
AR Code § 23-55-807 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 8 - Enforcement|§ 23-55-807. Unlicensed persons

 (a)  (1) [Repealed.]  (2) If as a result of an investigation or examination the Securities Commissioner finds that a person has engaged or is about to engage in an act or practice constituting a violation of this chapter or a rule or order under this chapter, the commissioner may summarily issue:  (A) A cease and desist order under § 23-55-803; or  (B) An order to prohibit the person from continuing to engage in providing money services.      (b) [Repealed.]  (c)  (1) An order to cease and desist becomes effective upon service of it upon the person.  (2) A hearing shall be held on the written request of the person aggrieved by the order to cease and desist if the request is received by the commissioner within thirty (30) days of the date of the entry of the order to cease and desist or if ordered by the commissioner.    (d) An order to cease and desist remains effective and enforceable pending the completion of an administrative proceeding pursuant to §§ 23-55-901 and 23-55-902 and the entry of a subsequent order by the commissioner to affirm, modify, or vacate the order.  (e) The commissioner may apply to the Pulaski County Circuit Court to:  (1) Temporarily or permanently enjoin an act or practice that violates this chapter or a rule or order under this chapter; or  (2) Enforce compliance with this chapter or a rule or order under this chapter.
AR Code § 23-55-808 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 8 - Enforcement|§ 23-55-808. Receivership

 (a)  (1) Whenever a licensee has refused or is unable to pay its obligations generally as they become due or whenever it appears to the commissioner that a licensee is in an unsafe or unsound condition, the commissioner, or the Attorney General representing the commissioner, may apply to the Pulaski County Circuit Court or to the circuit court of any county in which the licensee is located for the appointment of a receiver for the licensee. The court may require the receiver to post a bond in such amount as may appear necessary to protect claimants of the licensee.  (2) The receiver, subject to the approval of the court, shall take possession of the books, records, and assets of the licensee and shall take such action with respect to employees, agents, or representatives of the licensee or such other action as may be necessary to conserve the assets of the licensee or ensure payment of instruments issued by the licensee pending further disposition of its business as provided by law. The receiver shall sue and defend, compromise, and settle all claims involving the licensee and exercise such powers and duties as may be necessary and consistent with the laws of this state applicable to the appointment of receivers.  (3) The receiver, from time to time, but in no event less frequently than once each calendar quarter, shall report to the court with respect to all acts and proceedings in connection with the receivership.
AR Code § 23-55-901 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 9 - Administrative Procedures|§ 23-55-901. Administrative proceedings

 All administrative proceedings under this chapter must be conducted in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq.
AR Code § 23-55-902 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 9 - Administrative Procedures|§ 23-55-902. Hearings

 (a) Except as otherwise provided in §§ 23-55-803 and 23-55-807, the commissioner may not suspend or revoke a license, issue an order to cease and desist, suspend or revoke the designation of an authorized delegate, or assess a civil penalty without notice and an opportunity to be heard.  (b) The commissioner shall also hold a hearing when requested to do so by an applicant whose application for a license is denied.
AR Code § 23-55-1001 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 10 - Miscellaneous Provisions|§ 23-55-1001. Uniformity of application and construction

 In applying and construing this Uniform Act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among States that enact it.
AR Code § 23-55-1002 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 10 - Miscellaneous Provisions|§ 23-55-1002. Severability clause

 If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable.
AR Code § 23-55-1003 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 10 - Miscellaneous Provisions|§ 23-55-1003. Effective date

 This chapter takes effect January 1, 2008.
AR Code § 23-55-1006 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 10 - Miscellaneous Provisions|§ 23-55-1006. License terms

 Effective January 1, 2012:   (1) a license for a money transmission issued or renewed under this chapter shall expire on December 31 of each year unless it is terminated by surrender, abandonment, a change of employment, or order of the commissioner; and  (2) a license for a currency exchange issued or renewed under this chapter shall expire on December 31 every 2 years unless it is terminated by surrender, abandonment, a change of employment, or order of the commissioner.
AR Code § 23-55-1007 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 10 - Miscellaneous Provisions|§ 23-55-1007. Multistate automated licensing system

 (a) The Securities Commissioner may:  (1) Enter into an arrangement, agreement, or other working relationship with federal, state, or self-regulatory authorities, the Conference of State Bank Supervisors, or a subsidiary entity owned by the Conference of State Bank Supervisors to file and maintain documents in a multistate automated licensing system or other central depository system;  (2) Waive or modify in whole or in part by rule or by order any requirement of this chapter if necessary to implement this section; and  (3) Establish new requirements under this chapter to carry out the purpose of this section.    (b) It is the intent of this section that the commissioner be provided the authority to reduce duplication of filings, reduce administrative costs, and establish uniform procedures, forms, and administration with other states and federal authorities.  (c)  (1) The commissioner may permit or require initial and renewal registration filings required under this chapter to be filed with the Conference of State Bank Supervisors, a subsidiary entity owned by the Conference of State Bank Supervisors, the Financial Industry Regulatory Authority, or another entity maintaining or operating a multistate automated licensing system.  (2) The applicant or the licensee shall pay any fee charged for the applicant or the licensee to participate in the automated licensing system.    (d) The commissioner may accept uniform procedures and forms designed to:  (1) Implement a multistate automated licensing system;  (2) Implement a uniform national regulatory system; or  (3) Facilitate common practices and procedures among the states.
AR Code § 23-61-101 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 61 - State Insurance Department|Subchapter 1 - General Provisions|§ 23-61-101. State Insurance Department — Continuation — Assignment of space

 (a)  (1) There is created the State Insurance Department.  (2) The State Insurance Department is a division of the Department of Commerce.    (b) Suitable space shall be assigned for the use of the State Insurance Department.  (c)  (1)  (A) The purpose of the State Insurance Department is to serve and protect the public interest by the equitable enforcement of the state's laws and rules affecting the insurance industry.  (B) The primary mission of the State Insurance Department shall be consumer protection through insurer solvency and market conduct regulation, and fraud prosecution and deterrence.    (2) Nothing in this subsection shall be construed to limit the Insurance Commissioner's authority as enumerated in other provisions of the Arkansas Insurance Code.
AR Code § 23-61-102 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 61 - State Insurance Department|Subchapter 1 - General Provisions|§ 23-61-102. Insurance Commissioner

 (a) The head of the State Insurance Department shall be the Insurance Commissioner appointed by the Governor with the advice and consent of the Senate. No person shall be eligible for appointment as commissioner unless a citizen of this state and at least thirty (30) years of age.  (b) The commissioner shall serve at the pleasure of the Governor and shall report to the Secretary of the Department of Commerce.  (c) The commissioner shall take and subscribe to the usual oath of office.  (d) The commissioner shall receive the salary provided by law.  (e)  (1) At the time of taking office, the commissioner shall execute bond to the State of Arkansas in the sum of fifty thousand dollars ($50,000) for the faithful performance of his or her duties.  (2) The form and surety of the bond shall be subject to the approval of the Secretary of the Department of Commerce and the Auditor of State.  (3) An authorized surety insurer shall be the surety on the bond.    (f)  (1) The commissioner shall have an official seal.  (2) All certificates issued by the commissioner shall bear his or her seal.  (3) Every document executed by the commissioner pursuant to law and bearing his or her official seal shall be received as evidence in any court or other tribunal and may be recorded in the same manner and with like effect as deeds regularly acknowledged.
AR Code § 23-61-104 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 61 - State Insurance Department|Subchapter 1 - General Provisions|§ 23-61-104. Deputies, assistants, and other employees — Appointment — Duties

 (a) The Insurance Commissioner, in consultation with the Secretary of the Department of Commerce, may appoint such assistants and deputies and such examiners, attorneys, clerks, stenographers, and other personnel as may be necessary to assist him or her in the discharge of the duties imposed upon him or her under the Arkansas Insurance Code and as may be authorized by law. All such personnel shall devote their entire business time to their duties in the State Insurance Department.  (b) The commissioner, in consultation with the Secretary of the Department of Commerce, may employ an actuary on a consulting or full-time basis to perform such duties as the commissioner may designate.  (c) The commissioner, in consultation with the Secretary of the Department of Commerce, may at any time terminate the appointment, designation, or employment of any assistant, deputy, examiner, attorney, actuary, clerk, or other employee.  (d) The compensation for all such personnel so appointed or employed shall be as fixed by law.  (e) The commissioner, in consultation with the Secretary of the Department of Commerce, may contract for and procure on a basis of fee such independently contracting examination, actuarial, technical, and other professional services as he or she may from time to time require for the discharge of his or her duties.
AR Code § 23-61-105 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 61 - State Insurance Department|Subchapter 1 - General Provisions|§ 23-61-105. Insurance Commissioner, deputies, assistants, and other employees — Expense allowance

 (a) In addition to compensation for their services, the Insurance Commissioner, his or her deputies, assistants, and other Department of Commerce employees performing duties or working within the State Insurance Department shall be paid their actual and necessary expenses as authorized by the commissioner and incurred by them in the performance of their duties, subject to such limitations as may be otherwise applicable pursuant to law.  (b) An itemized statement of all expenses for which payment is being claimed shall be certified by the claimant and attached to the expense voucher.