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Bill > HB271


AK HB271

Money Services Business: Reqs; Licensing;


summary

Introduced
01/20/2016
In Committee
04/12/2016
Crossed Over
Passed
Dead
07/18/2016

Introduced Session

29th Legislature

Bill Summary

An Act relating to a money services business; relating to transmitting value that substitutes for money; relating to licensing requirements and registration through the Nationwide Multistate Licensing System and Registry; relating to surety bonding requirements; authorizing certain licensees to contract to use subdelegates for reloading funds onto stored-value cards; relating to record retention, reporting requirements, and enforcement provisions; relating to exemptions; relating to money services Internet activities; relating to definitions regarding the transmitting value, currency, and money transmission business activities; and providing for an effective date.

Committee Categories

Business and Industry

Sponsors (0)

No sponsors listed

Last Action

REFERRED TO RULES (on 04/12/2016)

bill text


bill summary

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