United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 32, § 6087: License required, 2023

A person may not do money transmission business or hold itself out as doing so unless licensed under this Act.

exemptionslicensingtransferability

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01

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“A person may not do money transmission business or hold itself out as doing so unless licensed under this Act.”

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    Enacted 2023 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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License required

A person may not do money transmission business or hold itself out as doing so unless licensed under this Act.

Section 6087

04

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Source record from legislature.maine.gov · Enacted 2023 · Source version 1 Oct 2025

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Provision
§ 6087License requiredProvision

A person may not do money transmission business or hold itself out as doing so unless licensed under this Act.

A person may not engage in the business of money transmission or advertise, solicit or hold itself out as providing money transmission unless the person is licensed under this Act. [PL 2023, c. 662, §2 (NEW).] 1. Exemption. This section does not apply to: A. A person that is an authorized delegate of a person licensed under this Act acting within the scope of authority conferred by a written contract with the licensee; or [PL 2023, c. 662, §2 (NEW).] B. A person that is exempt pursuant to section 6074 and does not engage in money transmission outside the scope of such exemption. [PL 2023, c. 662, §2 (NEW).] [PL 2023, c. 662, §2 (NEW).] 2. Transfer or assignment. A license issued under section 6091 is not transferable or assignable. [PL 2023, c. 662, §2 (NEW).]
Section 6087Verify source

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  • 1 Oct 2025 · currentEnglish

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