§ 2500. Definitions As used in this chapter: (1) “Authorized delegate” means a person located in this State that a licensee designates to provide money services on behalf of the licensee. (2) “Check cashing” means receiving at least $500.00 compensation within a 30-day period for taking payment instruments or prepaid access, other than traveler’s checks, […]
§ 2501. Exclusions (a) This chapter does not apply to: (1) the United States or a department, agency, or instrumentality thereof; (2) the sale or issuance of payment instruments or prepaid access, or money transmission, by the U.S. Postal Service or by a contractor on behalf of the U.S. Postal Service; (3) a state, county, […]
§ 2502. License required (a) A person shall not engage in money transmission without: (1) obtaining a license under subchapter 2 of this chapter; or (2) being an authorized delegate of a person licensed under subchapter 2 of this chapter. (b) A person shall not engage in check cashing or currency exchange without: (1) obtaining […]
