A person shall not engage in the business of money transmission on behalf of a person not licensed under this article 110 or not exempt pursuant to part 3 of this article 110. A person that engages in such activity provides money transmission to the same extent as if the person were a licensee and shall be jointly and severally liable with the unlicensed or nonexempt person.

Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 401, § 1, effective August 6.