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2019 SESSION

• | print version

HB 2690 Money transmitters; licensure through the Nationwide Multistate Licensing System & Registry (NMLS).

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Money transmitters. Requires money transmitters to be licensed through the National Multistate Licensing System and Registry (NMLS). The bill increases, from five percent to 10 percent, the interest that a person is required to own or control in a limited liability company in order to be subject to requirements applicable to members. The bill also (i) changes the due date for the $750 annual license renewal fee from September 1 to December 31 and requirements pertaining to license renewal and (ii) authorizes reports and filings to be submitted to the Commissioner through the NMLS if the NMLS is able to receive them.

FULL TEXT

• 01/14/19  House: Presented and ordered printed 19104401D  pdf | impact statement
• 02/19/19  House: Bill text as passed House and Senate (HB2690ER)  pdf | impact statement
• 03/19/19  Governor: Acts of Assembly Chapter text (CHAP0634)  pdf

HISTORY

• 01/14/19  House: Presented and ordered printed 19104401D
• 01/14/19  House: Referred to Committee on Commerce and Labor
• 01/24/19  House: Reported from Commerce and Labor (21-Y 0-N)
• 01/28/19  House: Read first time
• 01/29/19  House: Read second time and engrossed
• 01/30/19  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
• 01/30/19  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 01/30/19  House: Reconsideration of passage agreed to by House
• 01/30/19  House: Passed House BLOCK VOTE (99-Y 0-N)
• 01/30/19  House: VOTE: PASSAGE #2 (99-Y 0-N)
• 01/31/19  Senate: Constitutional reading dispensed
• 01/31/19  Senate: Referred to Committee on Commerce and Labor
• 02/11/19  Senate: Reported from Commerce and Labor (13-Y 0-N)
• 02/13/19  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/14/19  Senate: Read third time
• 02/14/19  Senate: Passed Senate (40-Y 0-N)
• 02/19/19  House: Enrolled
• 02/19/19  House: Bill text as passed House and Senate (HB2690ER)
• 02/19/19  House: Signed by Speaker
• 02/20/19  Senate: Signed by President
• 02/21/19  House: Enrolled Bill communicated to Governor on February 21, 2019
• 02/21/19  Governor: Governor's Action Deadline Midnight, March 26, 2019
• 03/19/19  Governor: Approved by Governor-Chapter 634 (effective 7/1/19)
• 03/19/19  Governor: Acts of Assembly Chapter text (CHAP0634)