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In addition to the general qualifications for licensure set forth in Section 151.202, an applicant for a money transmission license must demonstrate to the satisfaction of the commissioner that:
(1) the applicant has and will maintain the minimum net worth required under Section 151.307;
(2) the applicant's financial condition will enable the applicant to safely and soundly engage in the business of money transmission; and
(3) the applicant does not engage in any activity or practice that adversely affects the applicant's safety and soundness.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 151.303. Additional Qualifications - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-151-303/
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