152.252 – RELATIONSHIP BETWEEN MONEY TRANSMISSION LICENSEE
Texas Finance Code § 152.252
Summary
This law outlines the requirements for a money transmission licensee to engage an authorized delegate for conducting business. It ensures that proper authorization and procedures are followed before any money transmission activities can take place through a delegate.
Licensees must authorize delegates before conducting business.
Defines 'remit' as direct payment to the licensee or their representative.
Establishes accountability for transactions through authorized delegates.
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In simple terms: Learn about Texas's RELATIONSHIP BETWEEN MONEY TRANSMISSION LICENSEE 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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