Definitions

Licensing requirements. Exemption from licensing requirements. Requirements for licensure; fees; rules and regulations. Business locations; use of authorized agents. Minimum tangible net worth; bonding; permissible investments. Use of Nationwide Multistate Licensing System and Registry. Investigation of applicants for licensure; background checks on employees and others. Reporting to Nationwide Multistate Licensing System and Registry. Use of unique identifier of licensee. Expiration and renewal of licenses. Display of license; license nontransferable and nonassignable; notification of additional locations. Notice of action against licensee by creditor or claimant; other notification requirements. Approval required of new ultimate equitable owner, other change of control, or executive officer of licensee; denial of application; application of statute. Record keeping; investigation and examination re- 7-1-695. 7-1-696. 7-1-697. 7-1-698. quirements and powers; limitations on civil liability. Rules and regulations. Prohibited activities while engaged in money transmission. Denial, suspension, or revocation of license or authorization; procedure. Permissible and impermissible grounds for refusal or suspension. Cease and desist orders; civil penalties; judicial review; administrative fines. Liability for payment. Penalties for violations. No limitation on common law liability or state prosecution. Continuing effectiveness of existing licenses. Article 4A Cashing of Payment Instruments 7-1-700. 7-1-701. 7-1-701.1. 7-1-702. 7-1-702.1. 7-1-702.2. 7-1-703. 7-1-703.1. 7-1-703.2. 7-1-704. 7-1-704.1. 7-1-705. 11 Definitions. Licensing requirements. Exemption from licensing requirements. Requirements for licensure. Operation of mobile payment instrument cashing facility. Use of Nationwide Multistate Licensing System and Registry. Investigation of applicants; background checks of employees and others. Reporting on condition to Nationwide Multistate Licensing System and Registry. Use of unique identifier of licensee. Renewal of licenses. Posting of license; license is nontransferable and nonassignable; notification of new facilities. Written notice of claims against licensee, judgments, or other misconduct by em- T.7, C.1 Sec. Sec. 7-1-705.1. 7-1-706. 7-1-706.1. 7-1-707. 7-1-707.1. 7-1-708. 7-1-708.1. 7-1-708.2. 7-1-709. 7-1-709.1. 7-1-709.2. ployees, directors, or others; written notice of change of executive officer. Approval required for change of control or ultimate equitable owner; additional requirements; denial and notification of reasons. Record keeping; investigation and examination requirements and powers; limitation on civil liability. Regulatory interpretation and enforcement. Required endorsement by licensee; immediate payments; deferment of payment; identification requirements; acceptable fee for services. Posting of fees for cashing payment instruments. Grounds for denial, suspension, or revocation of license; procedure. Permissible and impermissible grounds for denial or suspension. Issuance of cease and desist orders; administrative and judicial enforcement; penalty for noncompliance. Penalty for violation of article. No limitation on common law liability or state prosecution. Continuing effectiveness of existing licenses. Article 5 7-1-733. 7-1-734. Business Development Corporations 7-1-740. 7-1-741. 7-1-742. 7-1-743. 7-1-744. 7-1-745. 7-1-746. 7-1-747. 7-1-748. 7-1-749. 7-1-750. 7-1-751. 7-1-752. 7-1-753. 7-1-756. 7-1-710 through 7-1-721. [Reserved]. 7-1-757. 7-1-758. Article 5A Domestic International Banking Facilities 7-1-732. Short title.