(a) A contract between a licensee and an authorized delegate shall require the authorized delegate to operate in full compliance with this chapter.
(b) The licensee shall establish, furnish, and enforce policies and procedures sufficient to ensure that its authorized delegates comply with this chapter.
(c) An authorized delegate may not use a subdelegate to conduct money transmission on behalf of a licensee.
Structure Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 7A - Alabama Monetary Transmission Act.
Section 8-7A-4 - Exemptions From Licensing.
Section 8-7A-5 - License Required.
Section 8-7A-6 - Application for License.
Section 8-7A-8 - Issuance of License.
Section 8-7A-9 - Renewal of License.
Section 8-7A-11 - Relationship Between Licensee and Authorized Delegate.
Section 8-7A-12 - Examinations.
Section 8-7A-15 - Suspension and Revocation.
Section 8-7A-16 - Unauthorized Activities.
Section 8-7A-17 - Orders to Cease and Desist and Other Injunctive or Civil Relief.
Section 8-7A-18 - Consent Orders.
Section 8-7A-19 - Civil Penalties.
Section 8-7A-20 - Criminal Penalties.
Section 8-7A-21 - Confidentiality.
Section 8-7A-22 - Cooperation.
Section 8-7A-23 - Investigation and Subpoenas by Commission.
Section 8-7A-25 - Burden of Proving an Exemption or an Exception From a Definition.
Section 8-7A-26 - Making, Amending, and Rescinding Rules and Prescribing Forms.