Within 15 days following the occurrence of any one of the events listed in this section, a licensee shall file a written report with the Director of the Department of Consumer and Business Services describing the event and the events expected effect on the licensees activities in this state: (1) The filing for bankruptcy or reorganization by the licensee or the licensees sole owner; (2) The commencement of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensees money transmission activities; (3) Any felony indictment of the licensee or any of its key officers or directors; (4) Any felony conviction of the licensee or any of its key officers or directors; or (5) The theft of payment instruments from the licensee in an amount equal to or greater than 10 percent of a licensees monthly amount of outstanding payment instruments.
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