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Article 1 - General Provisions
§ 23-55-101. Short title - This chapter may be cited as the Uniform Money Services...
§ 23-55-102. Definitions - In this chapter: (1) “Applicant” means a person that files...
§ 23-55-103. Exclusions - This chapter does not apply to: (1) the United States...
§ 23-55-104. Administration and rules - (a) The Securities Commissioner shall administer this chapter. (b) The...
Article 2 - Money Transmission Licenses
§ 23-55-201. License required - (a) A person may not engage in the business of...
§ 23-55-202. Application for license - (a) In this section, “material litigation” means litigation that according...
§ 23-55-204. Surety bonds - (a) (1) Except as otherwise provided in subsection (b), a...
§ 23-55-205. Issuance of license - (a) When an application is filed under this article, the...
§ 23-55-206. Renewal of license - (a) A licensee under this article shall pay an annual...
§ 23-55-207. Net worth - (a) A licensee under this article shall maintain a net...
Article 4 - Currency Exchange Licenses
§ 23-55-401. License required - (a) A person may not engage in currency exchange or...
§ 23-55-402. Application for license - (a) A person applying for a license under this article...
§ 23-55-403. Issuance of license - (a) When an application for a license is made under...
§ 23-55-404. Renewal of license - (a) A licensee under this article shall pay an annual...
Article 5 - Authorized Delegates
§ 23-55-501. Relationship between licensee and authorized delegate - (a) In this section, “remit” means to make direct payments...
§ 23-55-502. Unauthorized activities - A person may not provide money services on behalf of...
Article 6 - Examinations — Reports — Records
§ 23-55-601. Authority to conduct examinations and investigations - (a) The Securities Commissioner or the commissioner's designee may conduct...
§ 23-55-602. Cooperation - The Securities Commissioner may consult and cooperate with other state...
§ 23-55-603. Reports - (a) A licensee shall file with the commissioner within 15...
§ 23-55-604. Change of control - (a) A licensee shall: (1) give the commissioner notice in...
§ 23-55-605. Records - (a) A licensee shall maintain the following records for determining...
§ 23-55-606. Anti-money laundering program and reports - (a) Every licensee shall comply with all state and federal...
§ 23-55-607. Confidentiality - (a) Unless otherwise specified in this section, all information filed...
§ 23-55-608. Disclosure requirements - (a) A licensee shall provide its name and mailing address...
Article 7 - Permissible Investments
§ 23-55-701. Maintenance of permissible investments - (a) A licensee shall maintain at all times permissible investments...
§ 23-55-702. Types of permissible investments - (a) Except to the extent otherwise limited by the commissioner...
Article 8 - Enforcement
§ 23-55-801. Suspension and revocation - (a) The commissioner may suspend or revoke a license or...
§ 23-55-802. Suspension and revocation of authorized delegates - (a) The commissioner may issue an order suspending or revoking...
§ 23-55-803. Orders to cease and desist - (a) If the Securities Commissioner determines that a violation of...
§ 23-55-804. Consent orders - The commissioner may enter into a consent order at any...
§ 23-55-805. Civil penalties - The commissioner may assess a civil penalty against a person...
§ 23-55-806. Criminal penalties - (a) A person that intentionally makes a false statement, misrepresentation,...
§ 23-55-807. Unlicensed persons - (a) (1) [Repealed.] (2) If as a result of an...
§ 23-55-808. Receivership - (a) (1) Whenever a licensee has refused or is unable...
Article 9 - Administrative Procedures
§ 23-55-901. Administrative proceedings - All administrative proceedings under this chapter must be conducted in...
§ 23-55-902. Hearings - (a) Except as otherwise provided in §§ 23-55-803 and 23-55-807,...
Article 10 - Miscellaneous Provisions
§ 23-55-1001. Uniformity of application and construction - In applying and construing this Uniform Act, consideration must be...
§ 23-55-1002. Severability clause - If any provision of this chapter or its application to...
§ 23-55-1003. Effective date - This chapter takes effect January 1, 2008.
§ 23-55-1006. License terms - Effective January 1, 2012: (1) a license for a money...
§ 23-55-1007. Multistate automated licensing system - (a) The Securities Commissioner may: (1) Enter into an arrangement,...