License required.

1. A person shall not engage in the business of money transmission or advertise, solicit, or hold itself out as providing money transmission unless they are licensed under this article . 2. This section shall not apply to the following: a. A person that is an authorized delegate of a person licensed under this chapter acting within the scope of authority conferred by a written contract with the licensee. b. A person that is exempt pursuant to section 533C.103 and does not engage in money transmission outside the scope of such exemption. 3. A license under this article is not transferable or assignable. 2003 Acts, ch 96, §10, 42 ; 2004 Acts, ch 1086, §89 ; 2023 Acts, ch 83, §10 Referred to in §533C.903 , 533C.1004