Iowa Code § 533C.502

Current through March 29, 2024

Section 533C.502 - Unauthorized activities

A person shall not engage in the business of money transmission on behalf of a person not licensed under this chapter. A person who 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.

2003 Acts, ch 96, § 17, 42; 2023 Acts, ch 83, § 20

Amended by 2023 Iowa, ch 83, s 20, eff. 7/1/2023.

2003 Acts, ch 96, §17, 42

Section stricken and rewritten