It is the intent of the General Assembly to establish a state system of licensure and regulation to ensure the safe and sound operation of money transmission to ensure that this business is not used for criminal purposes, to promote confidence in the state's financial system, and to protect the public interest.
KRS 286.11-067
General Assembly intends to ensure safe and sound operation of money transmission in the Commonwealth
Known as the Kentucky Money Transmitters Act
The act spans §§ 286.11-001 to 286.11-067 (35 sections).
Effective: April 24, 2006 History: Created 2006 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.