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Article 1. Money Transmission Licenses.
Sec. 06.55.101. License required. - (a) A person may not engage in the business of...
Sec. 06.55.102. Application for license. - (a) A person applying for a money transmission license shall...
Sec. 06.55.103. Approval to engage in money transmission when licensed in another state. - (a) A person who is licensed to engage in money...
Sec. 06.55.104. Security. - (a) Except as otherwise provided in (b) of this section,...
Sec. 06.55.105. Issuance of license. - (a) When an application is filed under AS 06.55.102, the...
Sec. 06.55.106. Renewal of license. - (a) A money transmission licensee shall pay an annual renewal...
Sec. 06.55.107. Net worth. - A money transmission licensee shall maintain a net worth of...
Article 2. Currency Exchange Licenses.
Sec. 06.55.201. License required. - (a) A person may not engage in currency exchange or...
Sec. 06.55.202. Application for license. - (a) A person applying for a currency exchange license under...
Sec. 06.55.203. Issuance of license. - (a) When an application for a currency exchange license is...
Sec. 06.55.204. Renewal of license. - (a) A currency exchange licensee shall pay a biennial renewal...
Article 3. Authorized Delegates.
Sec. 06.55.301. Relationship between licensee and authorized delegate. - (a) A contract between a money services licensee and an...
Sec. 06.55.302. Unauthorized activities. - A person may not act as an authorized delegate for,...
Article 4. Examinations, Reports, Records.
Sec. 06.55.401. Authority to conduct examinations. - (a) The department may conduct an annual examination of a...
Sec. 06.55.402. Cooperation. - The department may consult and cooperate with other state money...
Sec. 06.55.403. Reports. - (a) A money services licensee shall file with the department...
Sec. 06.55.404. Change of control. - (a) A money services licensee shall (1) give the department...
Sec. 06.55.405. Records. - (a) A money services licensee shall maintain the following records...
Sec. 06.55.406. Money laundering reports. - (a) A money services licensee and an authorized delegate shall...
Sec. 06.55.407. Confidentiality. - (a) Except as otherwise provided in (b) of this section,...
Article 5. Permissible Investments.
Sec. 06.55.501. Maintenance of permissible investments. - (a) A money services licensee shall maintain at all times...
Sec. 06.55.502. Types of permissible investments. - (a) Except to the extent otherwise limited by the department...
Article 6. Enforcement.
Sec. 06.55.601. Suspension and revocation; receivership. - (a) The department may suspend or revoke a money services...
Sec. 06.55.602. Suspension and revocation of authorized delegates. - (a) The department may issue an order suspending or revoking...
Sec. 06.55.603. Orders to cease and desist. - (a) If the department determines that a violation of this...
Sec. 06.55.604. Consent orders. - The department may enter into a consent order at any...
Sec. 06.55.605. Civil penalties. - The department may assess a civil penalty against a person...
Sec. 06.55.606. Criminal penalties. - (a) A person who intentionally makes a false statement, misrepresentation,...
Sec. 06.55.607. Unlicensed persons. - (a) If the department has reason to believe that a...
Article 7. Administrative Procedures.
Sec. 06.55.701. Administrative proceedings. - All administrative proceedings under this chapter shall be conducted under...
Sec. 06.55.702. Hearings. - (a) Except as otherwise provided in AS 06.55.603 and 06.55.607...
Sec. 06.55.703. Investigative powers. - (a) In its investigations under this chapter, the department may...
Article 8. Miscellaneous Provisions.
Sec. 06.55.801. Uniformity of application and construction. - In applying and construing this chapter, consideration shall be given...
Sec. 06.55.802. Exclusions. - This chapter does not apply to (1) the United States...
Sec. 06.55.810. Notices required. - (a) A money services licensee shall display a sign at...
Sec. 06.55.820. Transmission. - Within 10 business days after receiving the money or equivalent...
Sec. 06.55.830. Receipt. - (a) A money transmission licensee who receives money or equivalent...
Sec. 06.55.840. Refunds. - Within 10 days after receiving a written request for a...
Sec. 06.55.850. Establishment of fees and other charges. - (a) The department shall adopt regulations that establish the amount...
Sec. 06.55.890. Definitions. - In AS 06.55.820 - 06.55.840, (1) “fees” does not include...
Article 9. General Provisions.
Sec. 06.55.990. Definitions. - In this chapter, unless the context indicates otherwise, (1) “authorized...
Sec. 06.55.995. Short title. - This chapter may be cited as the Alaska Uniform Money...