Money transmitters; licensure through the Nationwide Multistate Licensing System & Registry (NMLS). (HB2690)
Introduced By
Del. Terry Kilgore (R-Gate City)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Money transmitters. Requires money transmitters to be licensed through the National Multistate Licensing System and Registry (NMLS). The bill increases, from five percent to 10 percent, the interest that a person is required to own or control in a limited liability company in order to be subject to requirements applicable to members. The bill also (i) changes the due date for the $750 annual license renewal fee from September 1 to December 31 and requirements pertaining to license renewal and (ii) authorizes reports and filings to be submitted to the Commissioner through the NMLS if the NMLS is able to receive them. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/14/2019 | Committee |
01/14/2019 | Presented and ordered printed 19104401D |
01/14/2019 | Referred to Committee on Commerce and Labor |
01/15/2019 | Impact statement from SCC (HB2690) |
01/24/2019 | Reported from Commerce and Labor (21-Y 0-N) (see vote tally) |
01/28/2019 | Read first time |
01/29/2019 | Read second time and engrossed |
01/30/2019 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
01/30/2019 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
01/30/2019 | Reconsideration of passage agreed to by House |
01/30/2019 | Passed House BLOCK VOTE (99-Y 0-N) |
01/30/2019 | VOTE: PASSAGE #2 (99-Y 0-N) (see vote tally) |
01/31/2019 | Constitutional reading dispensed |
01/31/2019 | Referred to Committee on Commerce and Labor |
02/11/2019 | Reported from Commerce and Labor (13-Y 0-N) (see vote tally) |
02/13/2019 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/14/2019 | Passed Senate |
02/14/2019 | Read third time |
02/14/2019 | Passed Senate (40-Y 0-N) (see vote tally) |
02/19/2019 | Enrolled |
02/19/2019 | Bill text as passed House and Senate (HB2690ER) |
02/19/2019 | Signed by Speaker |
02/20/2019 | Impact statement from SCC (HB2690ER) |
02/20/2019 | Signed by President |
02/21/2019 | G Governor's Action Deadline Midnight, March 25, 2019 |
02/21/2019 | Enrolled Bill communicated to Governor on February 21, 2019 |
02/21/2019 | G Governor's Action Deadline Midnight, March 26, 2019 |
03/19/2019 | G Approved by Governor-Chapter 634 (effective 7/1/19) |
03/19/2019 | G Acts of Assembly Chapter text (CHAP0634) |