NRS 671.040 Prohibition against engaging in business of money transmission without being licensed or authorized delegate and regardless of location or method used.
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NRS 671.040 Prohibition against engaging in business of money transmission without being licensed or authorized delegate and regardless of location or method used.
1. A person shall not engage in the business of money transmission or advertise, solicit or hold himself, herself or itself out as providing money transmission unless the person:
(a)Has been issued a license pursuant to this chapter; or
(b)Is an authorized delegate of a licensee that is acting within the scope of authority conferred by a written contract with the licensee.
2. A person must have a license or be an authorized delegate described in paragraph
(b)of subsection 1 regardless of the location or method that the person uses to engage in the business of money transmission, including, without limitation, at a kiosk, through the Internet, through any telephone, facsimile machine or other telecommunication device or through any other machine, network, system, device or means.