§ 2546. Termination or suspension of authorized delegate activity
§ 2546. Termination or suspension of authorized delegate activity (a) Section 2110 of this title applies to authorized delegates. (b) The Commissioner may issue an order suspending or barring any authorized delegate or any responsible individual, director, officer, member, manager, partner, or person in control of such authorized delegate from continuing to be or becoming […]
§ 2555. Conservation, liquidation, and insolvency
§ 2555. Conservation, liquidation, and insolvency To the extent applicable, the provisions of subchapters 2, 3, and 5 of chapter 209 of this title, excluding sections 19207, 19208, 19210, 19306, and 19307 of this title, shall apply to the conservation, liquidation, and insolvency of any licensee under this chapter. Such licensee shall be treated as […]
§ 2515. Check cashing and currency exchange licenses required
§ 2515. Check cashing and currency exchange licenses required (a) A person licensed under this subchapter may engage in check cashing and currency exchange. (b) A person licensed under subchapter 2 of this chapter may engage in check cashing and currency exchange without first obtaining a separate license under this subchapter. (c) An authorized delegate […]
§ 2516. Application for license; additional information
§ 2516. Application for license; additional information In addition to the information required by section 2102 of this title, an application for a license under this subchapter shall state or contain: (1) the complete addresses of locations in this State where the applicant proposes to engage in check cashing or currency exchange, including all limited […]
§ 2519. Activities of check cashers and currency exchanges
§ 2519. Activities of check cashers and currency exchanges (a) Check cashing. (1) A licensee, in every location conducting business under a license issued pursuant to this chapter, shall conspicuously post and at all times display a notice stating all fees charged. A licensee shall file with the Commissioner a statement of the fees charged […]
§ 2525. Relationship between licensee and authorized delegate
§ 2525. Relationship between licensee and authorized delegate (a) In this subchapter, “remit” means to make direct payments of money to a licensee or its representative authorized to receive the money, or to deposit money in a depository institution within the meaning of subdivision 11101(24) of this title, in an account specified by the licensee. […]
§ 2530. Examinations
§ 2530. Examinations The Commissioner shall examine the affairs, business, and records of each licensee under this chapter as often as the Commissioner deems necessary to carry out the purposes of this part. (Added 2001, No. 55, § 1, eff. Jan. 1, 2002; amended 2011, No. 78 (Adj. Sess.), § 17, eff. April 2, 2012; […]
§ 2532a. Change of authorized delegates; change of location
§ 2532a. Change of authorized delegates; change of location A licensee shall notify the Commissioner in writing within 30 days of any change in the list of authorized delegates or locations in this State where the licensee or an authorized delegate of the licensee provides money services, including limited stations and mobile locations. Such notice […]
§ 2534. Records
§ 2534. Records In addition to the records required by section 2119 of this title, a licensee shall maintain records for determining the licensee’s compliance with this chapter. A licensee shall maintain its records for at least five years, which records shall include: (1) a record of each payment instrument or prepaid access obligation sold; […]
§ 2535. Money laundering reports
§ 2535. Money laundering reports (a) A licensee and an authorized delegate shall file with the Commissioner copies of all reports required by federal currency reporting, record keeping, and suspicious transaction reporting requirements as set forth in 31 U.S.C. § 5311, 31 C.F.R. Part 103, and other federal and State laws pertaining to money laundering. […]