Effective 1-1-2024.

1. (1) licensed under this chapter; or
2. (2) exempt under section 301 of this chapter.

3. (b) A person that engages in the business of money transmission on behalf of a person described in subsection (a)(1) or (a)(2):

   1. (1) provides money transmission to the same extent as if the person were a licensee; and
   2. (2) is jointly and severally liable with the unlicensed or nonexempt person.

Sec. 802. (a) A person shall not engage in the business of money transmission on behalf of a person who is not:

As added by P.L.198-2023, SEC.4.