SB1325 - Relating To Money Transmitters Modernization Act.
Hawaii - 2024 Regular Session
Introduced byRonald D. Kouchi
Last updated over 1 year ago
1 Co-Sponsor
Aligns Hawaii's money transmitters law with the provisions of the Model Money Transmitters Modernization Act, thereby enabling Hawaii to work within a network of states to license, supervise, and examine transglobal money transmission companies as a multi-state system. Enables timely, coordinated, and efficient regulation of money transmission companies to achieve financial stability and economic growth, while providing consumer protection. Allows the State to share resources, data, and technology tools with other states to create a stronger multi-state system of financial regulation. Effective 7/1/2050. (SD1)
STATUS
Engrossed
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