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(a) A licensee under this article shall maintain a net worth that is calculated at $10,000 for every $1,000,000 of the total previous year’s:
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(1) Money transmission dollar volume;
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(2) Payment instrument dollar volume; and
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(3) Stored value dollar volume.
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(b)
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(1) A licensee shall maintain a minimum net worth of at least $50,000.
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(2) The commissioner may set specific required net worth amounts by rule.
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