Current through 11/5/2024 election
Section 11-110-205 - Agent requirements(1) No money transmitter licensed pursuant to part 1 of this article 110 shall knowingly contract with an agent or owner of an agent holding more than a ten percent interest in the business who has been convicted of or pleaded guilty or nolo contendere to the offenses in article 5 of title 18; a felony in the selling or issuing of exchange or in money transmission; a felony involving a financial institution; or an equivalent crime outside Colorado.(2) No agent of a money transmitter licensed pursuant to this article 110 shall knowingly employ a person to perform money transmission services who has been convicted of or pleaded guilty or nolo contendere to the offenses in article 5 of title 18; a felony in the selling or issuing of exchange or in money transmission; a felony involving a financial institution; or an equivalent crime outside Colorado.Renumbered from C.R.S. §12-52-205 and amended by 2017 Ch. 159, §2, eff. 8/9/2017.L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 588, § 2, effective August 9.This section is similar to former § 12-52-205 as it existed prior to 2017.