SB3077 - Relating To Money Transmitters Modernization Act.
Hawaii - 2024 Regular Session
Introduced byRonald D. Kouchi
Last updated 8 months ago
1 Co-Sponsor
Continues the alignment of 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 multistate system; using nationwide standards, provides clarity and consistency of the tangible net worth provision; ensures that licensees have sufficient financial resources to conduct their business in a safe and sound manner; ensures efficiency throughout the licensing process; and protects the interests of money transmission companies, their customers, and the public.
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Introduced
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