§32A-2-15. Transaction Records
(a) Every check sold by the licensee or its authorized delegates shall bear the name of the licensee and a unique number clearly stamped or imprinted thereon. When an order for the transmission of money results in the issuance of a check, both the order and the check may bear the same number. (b) The […]
§32A-2-16. Enforcement
The commissioner, with the assistance of the West Virginia state police, may investigate violations of this article or rules adopted under this article. Based on the investigation, the commissioner or any law-enforcement agency may file a criminal referral with the prosecuting attorney of Kanawha County or with the prosecuting attorney of the county in which […]
§32A-2-8. Qualifications for License or Renewal of License
(a) The commissioner may issue a license to an applicant only upon first determining that the financial condition, business experience, and character and general fitness of an applicant are such that the issuance of the license is in the public interest: Provided, That the commissioner shall apply 32A-2-8(f) and 32A-2-8(g) of this code in determining […]
§32A-2-4. License Application, Issuance, and Renewal
(a) An applicant for a license shall submit an application to the commissioner on a form prescribed by the commissioner. The commissioner may direct an applicant to file a license application through the Nationwide Multistate Licensing System and Registry operated by the State Regulatory Registry, LLC. (b) Each application shall be accompanied by a nonrefundable […]
§32A-2-5. Fees
(a) The commissioner shall charge and collect the license application fees, license fees, license renewal fees, and examination costs in amounts reasonable and necessary to defray the cost of administering this article as follows: (1) For applying for a license, an application and licensing fee of $1,000, plus $20 for each location at which the […]
§32A-2-6. Denial of License or Renewal of License
(a) The commissioner may deny the grant of a license or renewal of a license for a failure to comply or otherwise meet the requirements and qualifications of this article or a rule adopted under this article, including failure to submit a complete application. (b) The denial of a license or denial of renewal by […]
§32A-2-7. Authorization to Propose Rules
The commissioner may propose rules necessary to implement this article for legislative approval in accordance with the provisions of article three, chapter twenty-nine-a of this code.
§32A-2-1. Definitions
(a) “Acting in concert” means persons knowingly acting together with a common goal of jointly acquiring control of a licensee whether or not pursuant to an express agreement. (b) “Average daily money transmission liability” means the amount of the licensees outstanding money transmission obligations in this state at the end of each day in a […]
§32A-2-2. License Required
Except as provided by 32A-2-3 of this code, a person may not engage in the business of currency exchange, transportation, or transmission in this state without a license issued under this article. For purposes of this article, a person is considered to be engaging in those businesses in this state if he or she makes […]
§32A-2-3. Exemptions
(a) The following are exempt from the provisions of this article: (1) Banks, trust companies, foreign bank agencies, credit unions, savings banks, and savings and loan associations authorized to do business in the state and which qualify as federally insured depository institutions, whether organized under the laws of this state, any other state, or the […]