Learn More
Log In
Sign Up
Mass. Gen. Laws ch. 169B – Regulation of Money Transmission | Midpage
Collections
Massachusetts General Laws
Part I
Title XXII
Chapter 169B
Mass. Gen. Laws ch. 169B
Regulation of Money Transmission
1
Definitions
2
Exemptions
3
Implementation; privilege and confidentiality; supervision; networked supervision; relationship to federal law
4
License required; consistent licensing between commonwealth and other states; application for license; information requirements for certain individuals; issuance of license; renewal of license; maintenance of license; reporting of business and operations
5
Acquisition of control of licensee; notice and information requirements for change of key individuals
6
Report of condition; audited financial statements; authorized delegate reporting; reports of certain events; bank secrecy act reports; maintenance of records
7
Authorized delegates; unauthorized activities
8
Timely transmission; refunds; receipts
9
Maintenance of minimum tangible net worth; surety bond; maintenance of permissible investments; types of permissible investments
10
Suspension or revocation of license; suspension or revocation of authorized delegates; cease and desist orders; civil penalties; civil actions
11
Uniformity in implementation and interpretation