Section 51A-17-NEW - [Newly enacted section not yet numbered] [Effective 7/1/2024]Maintenance of License.
(1) If a licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license, the director may suspend or revoke the licensee's license in accordance with the procedures established by this Act or other applicable state law for the suspension or revocation.(2) An applicant for a money transmission license must demonstrate that it meets or will meet, and a money transmission licensee must at all times meet, the requirements in sections 48 to 50, inclusive, of this Act.Added by S.L. 2024, ch. TBD,s. 20, eff. 7/1/2024.