Chapter 17 - MONEY TRANSMISSION
- Section 51A-17-NEW - [Newly enacted section not yet numbered] [Effective 7/1/2024] (ยง 51A-17-NEW)
- Section 51A-17-1 - [Repealed Effective 7/1/2024] Definition of terms
- Section 51A-17-2 - [Repealed Effective 7/1/2024] Permissible investments defined
- Section 51A-17-2.1 - [Repealed Effective 7/1/2024] Control defined
- Section 51A-17-2.2 - [Repealed Effective 7/1/2024] Passive investor defined
- Section 51A-17-2.3 - [Repealed Effective 7/1/2024] Letter of credit requirements
- Section 51A-17-2.4 - [Repealed Effective 7/1/2024] Requirement of satisfaction to the director
- Section 51A-17-2.5 - [Repealed Effective 7/1/2024] Documents to be presented on or prior to the expiration date of the letter of credit
- Section 51A-17-2.6 - [Repealed Effective 7/1/2024] Designation of an agent by the director
- Section 51A-17-2.7 - [Repealed Effective 7/1/2024] Director's authority to facilitate letters of credit
- Section 51A-17-2.8 - [Repealed Effective 7/1/2024] Investment limits
- Section 51A-17-3 - [Repealed Effective 7/1/2024] Entities exempt from chapter
- Section 51A-17-4 - [Repealed Effective 7/1/2024] License to engage in business of money transmission required
- Section 51A-17-5 - [Repealed Effective 7/1/2024] Single license to conduct business at multiple locations-Authorized delegates
- Section 51A-17-6 - [Repealed Effective 7/1/2024] Minimum net worth required
- Section 51A-17-7 - [Repealed Effective 7/1/2024] Qualification to do business of corporate and noncorporate applicants and licensees
- Section 51A-17-8 - [Repealed Effective 7/1/2024] Security device or deposit required
- Section 51A-17-9 - [Repealed Effective 7/1/2024] Security after licensee ceases operations
- Section 51A-17-10 - [Repealed Effective 7/1/2024] Investments required-Waiver by director
- Section 51A-17-10.1 - [Repealed Effective 7/1/2024] Notification by director to states in which license held-Funds held in statutory trust-Termination of statutory trust
- Section 51A-17-10.2 - [Repealed Effective 7/1/2024] Other types of investments permissible
- Section 51A-17-10.3 - [Repealed Effective 7/1/2024] Virtual currency transmission
- Section 51A-17-11 - [Repealed Effective 7/1/2024] Criminal history background check required
- Section 51A-17-12 - [Repealed Effective 7/1/2024] Application for license-Form-Contents
- Section 51A-17-13 - [Repealed Effective 7/1/2024] Corporate applicants-Additional requirements
- Section 51A-17-14 - [Repealed Effective 7/1/2024] Noncorporate applicants-Additional requirements
- Section 51A-17-15 - [Repealed Effective 7/1/2024] Waiver of license application requirements
- Section 51A-17-16 - [Repealed Effective 7/1/2024] Application fee
- Section 51A-17-17 - [Repealed Effective 7/1/2024] Applicant-Investigation by director
- Section 51A-17-18 - [Repealed Effective 7/1/2024] Denial of application-Request for hearing
- Section 51A-17-19 - [Repealed Effective 7/1/2024] Annual report and renewal fee
- Section 51A-17-20 - [Repealed Effective 7/1/2024] Time for filing renewal application, report, and fee
- Section 51A-17-21 - [Repealed Effective 7/1/2024] Limit of licensee's liability
- Section 51A-17-22 - [Repealed Effective 7/1/2024] Amendment or notice of certain events required
- Section 51A-17-22.1 - [Repealed Effective 7/1/2024] Notice by licensee adding or replacing key individual
- Section 51A-17-22.2 - [Repealed Effective 7/1/2024] Notice of disapproval of key individual within ninety days-Requirement of notice of disapproval
- Section 51A-17-22.3 - [Repealed Effective 7/1/2024] Acceptance of key individual notice review and disapproval by another state-South Dakota as investigative state
- Section 51A-17-23 - [Repealed Effective 7/1/2024] Notice of proposed change of control-Investigation-Approval of change
- Section 51A-17-24 - [Repealed Effective 7/1/2024] Persons exempt from change of control requirements-Notice
- Section 51A-17-25 - [Repealed Effective 7/1/2024] Public offering of securities exempt from change of control requirements
- Section 51A-17-26 - [Repealed Effective 7/1/2024] Request for determination on change of control from director
- Section 51A-17-27 - [Repealed Effective 7/1/2024] Examination or investigation-Acceptance of report by other examining agencies or federal government
- Section 51A-17-28 - [Repealed Effective 7/1/2024] Request for financial data or examination upon reasonable basis to believe licensee in noncompliance
- Section 51A-17-29 - [Repealed Effective 7/1/2024] Records required and open to inspection
- Section 51A-17-30 - [Repealed Effective 7/1/2024] Confidentiality of information-Exception
- Section 51A-17-31 - [Repealed Effective 7/1/2024] Authorized delegate-Written contract required-Contents
- Section 51A-17-32 - [Repealed Effective 7/1/2024] Standards of conduct of authorized delegate
- Section 51A-17-33 - [Repealed Effective 7/1/2024] Funds received by authorized delegate constitute trust funds
- Section 51A-17-34 - [Repealed Effective 7/1/2024] Report of theft or loss
- Section 51A-17-35 - [Repealed Effective 7/1/2024] Suspension or revocation of license
- Section 51A-17-36 - [Repealed Effective 7/1/2024] Suspension or revocation of authorized delegate designation
- Section 51A-17-37 - [Repealed Effective 7/1/2024] Cease and desist order
- Section 51A-17-38 - [Repealed Effective 7/1/2024] Administrative proceeding following cease and desist order
- Section 51A-17-39 - [Repealed Effective 7/1/2024] Consent order
- Section 51A-17-40 - [Repealed Effective 7/1/2024] Fine for violation of chapter or rule
- Section 51A-17-41 - [Repealed Effective 7/1/2024] Intentional misrepresentations or omissions in records-Engaging in activity without required license-Felony
- Section 51A-17-42 - [Repealed Effective 7/1/2024] Order to show cause-Temporary restraining order-Cease and desist order-Administrative proceeding-Judicial review
- Section 51A-17-43 - [Repealed Effective 7/1/2024] Jurisdiction of the courts
- Section 51A-17-44 - [Repealed]
- Section 51A-17-45 - [Repealed Effective 7/1/2024] Licenses not assignable
- Section 51A-17-46 - [Repealed Effective 7/1/2024] Funds to be deposited with state treasurer and credited to banking special revenue fund
- Section 51A-17-47 - [Repealed Effective 7/1/2024] Promulgation of rules
- Section 51A-17-48 - [Repealed Effective 7/1/2024] Use of nationwide mortgage licensing system and registry as information channeling agent
- Section 51A-17-49 - [Repealed Effective 7/1/2024] Collection and maintenance of records and processing of fees
- Section 51A-17-50 - [Repealed Effective 7/1/2024] Confidentiality of information provided to nationwide mortgage licensing system and registry
- Section 51A-17-51 - [Repealed Effective 7/1/2024] Multistate supervisory processes participation