Measure Title: |
RELATING TO MONEY TRANSMITTERS MODERNIZATION ACT.
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Report Title: |
Money Transmitter; Permissible Investments; Division of Financial Institutions
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Description: |
Continues the alignment of Hawaii's money transmitters law with the provisions of the Model Money Transmitters Modernization Act, thereby enabling Hawaii to work within a network of states to license, supervise, and examine transglobal money transmission companies as a multistate system; using nationwide standards, provides clarity and consistency of the tangible net worth provision; ensures that licensees have sufficient financial resources to conduct their business in a safe and sound manner; ensures efficiency throughout the licensing process; and protects the interests of money transmission companies, their customers, and the public.
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Companion: |
HB2388
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Package: |
Governor
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Current Referral: |
CPN, WAM
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Introducer(s): |
KOUCHI (Introduced by request of another party)
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Act: |
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Sort by Date | | Status Text |
1/26/2024 | S | Referred to CPN, WAM. |
1/24/2024 | S | Passed First Reading. |
1/24/2024 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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SB3077