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§ 6102. License required

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and BankingEffective: January 3, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 7 P.S. Banks and Banking (Refs & Annos)
Miscellaneous Laws
Chapter 53. Transmitting Money or Credit (Refs & Annos)
Effective: January 3, 2017
7 P.S. § 6102
§ 6102. License required
Currentness
(a) No person shall engage in the business of transmitting money by means of a transmittal instrument for a fee or other consideration with or on behalf of an individual without first having obtained a license from the department.
(b) This act does not apply to money transmission between business entities in connection with commercial contracts, unless the contracts involve money transmission for personal or household purposes involving individuals.

Credits

1965, Sept. 2, P.L. 490, No. 249, § 2. Amended 2016, Nov. 3, P.L. 1002, No. 129, § 3, effective in 60 days [Jan. 3, 2017].
7 P.S. § 6102, PA ST 7 P.S. § 6102
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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