152.152 – STREAMLINED ACQUISITION OF CONTROL. (a) The
Texas Finance Code § 152.152
Summary
This law allows individuals who have previously received approval to engage in money services to acquire control without meeting certain requirements. It streamlines the process for those already recognized as compliant by regulatory authorities.
Exempts approved money service providers from certain control acquisition requirements.
Applies to individuals previously identified as in control.
Facilitates faster control changes for compliant entities.
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In simple terms: Learn about Texas's STREAMLINED ACQUISITION OF CONTROL. (a) The law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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