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KRS 286.11-061

Powers and duties of department and commissioner relating to the regulation, supervision, and licensing of money transmitters

Known as the Kentucky Money Transmitters Act

The act spans §§ 286.11-001 to 286.11-067 (35 sections).

Effective: July 15, 2010 History: Amended 2010 Ky

(1) The department shall exercise all administrative functions of the state in relation to the regulation, supervision, and licensing of money transmitters.

(2) The commissioner may promulgate, amend, and repeal any administrative regulations, forms, and orders as are necessary to interpret and enforce the provisions of this subtitle.

(3) The commissioner may request any additional information as the commissioner deems necessary to interpret and carry out any of the provisions of this subtitle from any applicant, licensee, agent, responsible individual, controlling person, executive officer, or key shareholder.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.