(a) In this section, “remit” means to make direct payments of money to a licensee or its representative authorized to receive money or to deposit money in a bank in an account specified by the licensee. (b) A contract between a licensee and an authorized delegate must require the authorized delegate to operate in full […]
A person may not provide money services on behalf of a person not licensed under this chapter. A person that engages in that activity provides money services to the same extent as if the person were a licensee.
(a) A person may not engage in authorized delegate activities or advertise, solicit, or hold itself out as serving as an authorized delegate for a money transmission check cashing or currency exchange for which the person receives revenues equal or greater than five percent of total revenues unless the person meets one of the criteria […]
(a) A person applying for a license under this subchapter shall do so in a form and in a medium prescribed by the Director. The application must contain: (1) the legal name and residential and business addresses of the applicant, if the applicant is an individual; or, if the applicant is not an individual, the […]
(a) When an application is filed under this subchapter, the Director shall investigate the applicant’s financial condition and responsibility, financial and business experience, character, and general fitness. The Director shall conduct an on-site investigation of the applicant, the reasonable cost of which the applicant must pay. The Director shall issue a license to an applicant […]
(a) An authorized delegate licensed under this subchapter shall pay a biennial renewal fee of $450 no later than 30 days before each biennial anniversary of the issuance of the license or, if the last day is not a business day, on the next business day. (b) An authorized delegate licensed under this subchapter shall […]
