Regulatory Alerts2024-03-15
Added · Updated
Consent Order Regarding New Hampshire/Northeast Credit Services, Inc.
New Hampshire/Northeast Credit Services, Inc. must report all outstanding checks and remit corresponding funds to state agencies within sixty days of the order's execution. For two years following execution, the entity is required to submit quarterly accounting reports of any outstanding checks to the Connecticut Department of Banking. The order mandates timely remittance of unclaimed property and demonstrates financial responsibility to resolve allegations regarding failed trust account reconciliation and escheatment violations.
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