Bill > AB430

This bill updates Nevada's money transmission laws by removing payroll processing services from the definition of money transmission and exempting payroll processing service providers from licensure and regulation by the Commissioner of Financial Institutions. Currently, businesses that provide payroll processing services are required to obtain a license as money transmitters, but this bill would eliminate that requirement. Specifically, the bill removes language that previously included payroll processing services within the definition of money transmission, adds an explicit exemption for persons engaged solely in payroll processing services, and repeals existing provisions that set forth duties for payroll processing service providers. The changes aim to reduce regulatory burden on businesses that process payroll, recognizing that these services are distinct from traditional money transmission activities like selling payment instruments or transferring money. By exempting these businesses from licensing requirements, the bill simplifies regulatory compliance for payroll processing companies operating in Nevada.

Business and Industry

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12627/Overview