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Chapter 152

Regulation of Money Services Businesses

Subchapter A. General Provisions

152.001 Short Title 152.002 Purpose; Construction of Chapter 152.003 Definitions 152.004 Exemptions 152.005 Authority to Require Demonstration of Exemption 152.006 Centralized Digital Currency Prohibited

Subchapter B. Administrative Provisions

152.051 Administration 152.052 Rules; Fees 152.053 Implementation 152.054 Commissioner's General Authority 152.055 Confidentiality 152.056 Investigations 152.057 Supervision 152.058 Networked Supervision 152.059 Relationship to Federal Law 152.060 Consent to Service of Process 152.061 Presumption of Control

Subchapter C. Money Services Licenses

152.101 Money Transmission License Required 152.102 Currency Exchange License Required 152.103 Consistent State Licensing 152.104 Application for Money Services License 152.105 Information Requirements for Certain Individuals 152.106 Issuance of License 152.107 Maintenance of License 152.108 Surrender of License 152.109 Refund of Fee or Cost Paid by Money Services Licensee

Subchapter D. Acquisition of Control and Change of Key Individual

152.151 Acquisition of Control 152.152 Streamlined Acquisition of Control 152.153 Notice and Information Requirements for Change of Key Individuals

Subchapter E. Reporting and Records

152.201 Money Transmission Report 152.202 Currency Exchange Report 152.203 Financial Statements 152.204 Authorized Delegate Reporting 152.205 Reports of Certain Events 152.206 Bank Secrecy Act Reports 152.207 Records

Subchapter F. Authorized Delegates

152.251 Liability of Money Transmission Licensee 152.252 Relationship Between Money Transmission Licensee and Authorized Delegate 152.253 Disclosure Requirements 152.254 Unauthorized Activities

Subchapter G. General Duties and Restrictions for Money Transmission Licensee

152.301 Timely Transmission 152.302 Refunds 152.303 Receipts 152.304 Disclosures for Payroll Processing Services 152.305 Prohibition on Imposition of Fine or Penalty for Terms of Service Violation

Subchapter H. Prudential Standards

152.351 Net Worth of Money Transmission Licensee 152.352 Security for Money Transmission Licensee 152.353 Security for Currency Exchange Licensee 152.354 Additional Security Requirements 152.355 Maintenance of Permissible Investments by Money Transmission Licensee 152.356 Types of Permissible Investments

Subchapter I. Enforcement

152.401 Injunctive Relief 152.402 Cease and Desist Orders for Unlicensed Persons 152.403 Suspension and Revocation of Money Services License 152.404 Suspension and Revocation of Authorized Delegate Designation 152.405 Cease and Desist Orders for Money Services Licensee or Authorized Delegate 152.406 Consent Orders 152.407 Administrative Penalty 152.408 Criminal Penalty 152.409 Notice, Hearing, and Other Procedures for Nonemergency Orders 152.410 Requirements and Notice and Hearing Procedures for Emergency Orders 152.411 Removal or Prohibition Order 152.412 Removal or Prohibition Orders in Response to Certain Criminal Offenses 152.413 Application for Release from Final Removal or Prohibition Order

Subchapter J. Miscellaneous Provisions

152.451 Administrative Procedures