(a) A license issued under the Sale of Checks Act, § 23-41-101 et seq. [repealed], that is in effect immediately before January 1, 2008, remains in force as a license under the Sale of Checks Act, § 23-41-101 et seq. [repealed], until the license's expiration date. Thereafter, the licensee is deemed to have applied for and have received a license under this chapter and must comply with the renewal requirements set forth in this chapter.
(b) This chapter applies to the provision of money services on or after January 1, 2008. This chapter does not apply to money transmission provided by a licensee who was licensed to provide money transmission under the Sale of Checks Act, § 23-41-101 et seq. [repealed], and whose license remains in force under this section.
Section: Previous 23-55-1002 23-55-1003 23-55-1004 23-55-1005 23-55-1006 NextLast modified: November 15, 2016