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Registrar of Corporations urges Senate to remove daily late-filing penalties in House Bill 24-13
5576769 · August 13, 2025
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Summary
The CNMI registrar of corporations testified in favor of House Bill 24-13, which would eliminate daily penalties for late annual filings and leave a one-time flat penalty of $150 for for-profits and $25 for nonprofits.
John David Rages, registrar of corporations in the CNMI Department of Commerce, told the Senate on Aug. 13 that House Bill 24-13 would reduce pressure on small businesses by eliminating daily penalties for late annual reports and replacing them with a one-time flat fee.
Rages said the bill would amend Title 4, Division 4, Section 4205…
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