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Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-1207. Licensure; prohibition; applicability

Current as of January 01, 2025 | Updated by Findlaw Staff

A. A person may not engage in the business of money transmission or advertise, solicit or hold itself out as providing money transmission unless the person is licensed under this article.

B. Subsection A of this section does not apply to either of the following:

1. A person that is an authorized delegate of a person licensed under this article that is acting within the scope of authority conferred by a written contract with the licensee.

2. A person that is exempt pursuant to § 6-1202 and does not engage in money transmission outside the scope of the exemption.

C. A license issued under § 6-1211 is not transferable or assignable.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-1207. Licensure; prohibition; applicability - last updated January 01, 2025 | https://codes.findlaw.com/az/title-6-banks-and-financial-institutions/az-rev-st-sect-6-1207/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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