These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.
Money transmitter license required.
(1) A person may not engage in the business of money transmission, or advertise, solicit, or hold itself out as providing money transmission, unless the person is:
(a) Licensed as a money transmitter under this chapter;
(b) An authorized delegate of a person licensed as a money transmitter under this chapter; or
(2) A money transmitter license is not transferable or assignable.