Adquisición Simplificada de Control en Servicios Monetarios

Sec. 152.152. STREAMLINED ACQUISITION OF CONTROL. (a) The requirements of Section 152.151 do not apply to a person who has complied with and received approval to engage in money services under this chapter or was identified as a person in control in a previous application filed with and approved by the commissioner or by an MSB- accredited state under a multistate licensing process, provided that: Statute text rendered on: 7/24/2024 - 596 - FINANCE CODE (1) the person has not: (A) had a money services license revoked or suspended; or (B) controlled a money services licensee that has had a money services license revoked or suspended while the person was in control of the licensee in the previous five years; (2) if the person is a money services licensee, the person: (A) is well managed; and (B) if a rating for compliance has been given to the person by an MSB-accredited state, received a satisfactory rating in its most recent examination; (3) in the case of a money transmission licensee, the person to be acquired and the person acquiring control are both money transmission licensees projected to meet the requirements of Sections