§ 11-110-201. Agent Information – Rules
A money transmitter licensed pursuant to part 1 of this article 110 shall annually send the following information to the banking board on such form as it may prescribe: The name of each agent and the address and telephone number of each of the agent’s offices that engage in the business of money transmission; The […]
§ 11-110-202. Applicability – Definition
This part 2 does not apply to an agent of a business licensed pursuant to part 1 of this article 110 to the extent that the agent is selling or adding additional money to stored value issued by the business. For purposes of this section, “stored value” means a card, code, or other device that […]
§ 11-110-203. Notice of Laws – Rules
The banking board shall promulgate rules to create a form containing a notice of the contents of section 18-5-309 and other state and federal laws concerning money laundering. An agent of a business licensed pursuant to part 1 of this article 110 shall require each employee who performs money transmission services to either: Understand and […]
§ 11-110-204. Records
The information sent to the banking board under section 11-110-201 and the records required by section 11-110-203 shall be open to any law enforcement officer acting within the scope and course of the officer’s official duties. Source: L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 588, § 2, effective August 9. […]
§ 11-110-205. Agent Requirements
No money transmitter licensed pursuant to part 1 of this article 110 shall knowingly contract with an agent or owner of an agent holding more than a ten percent interest in the business who has been convicted of or pleaded guilty or nolo contendere to the offenses in article 5 of title 18; a felony […]
§ 11-110-206. Violations
[ Editor’s note: This version of subsection (1) is effective until March 1, 2022.] A person who violates this part 2 commits a class 2 misdemeanor and, for the second or any subsequent offense, the person commits a class 1 misdemeanor and shall be punished as provided in section 18-1.3-501. (1) [ Editor’s note: This […]