Effective 1-1-2026.
Sec. 507. (a) If a licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new earned wage access services license, the department may suspend or revoke the licensee's license in accordance with the procedures established by this chapter or other applicable state law for such suspension or revocation.
(b) An applicant for an earned wage access services license must demonstrate that it meets or will meet, and an earned wage access services licensee must at all times meet, the requirements set forth in section 505 of this chapter.