. (a) Each application shall be accompanied by:
(1) A nonrefundable application fee in the amount of $5,000; and
(2) An initial annual license fee of $5,000.
(b) The license fee shall be refunded if the application is denied.
Application and license fees
Known as the Money Transmitters Modernization Act
The act spans §§ 489–489 (39 sections).
L 2006, c 153, pt of §1; am L 2008, c 195, §6; am L 2013, c 167, §6
. (a) Each application shall be accompanied by:
(1) A nonrefundable application fee in the amount of $5,000; and
(2) An initial annual license fee of $5,000.
(b) The license fee shall be refunded if the application is denied.
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.