summary
Introduced
01/26/2017
01/26/2017
In Committee
02/11/2017
02/11/2017
Crossed Over
02/13/2017
02/13/2017
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO FINANCIAL INSTITUTIONS; INCREASING THE THRESHOLD REVENUE REQUIREMENT FOR CHECK CASHING SERVICES LICENSURE UNDER THE UNIFORM MONEY SERVICES ACT.
AI Summary
This bill increases the threshold revenue requirement for check cashing services licensure under the Uniform Money Services Act from $500 to $2,500 within a 30-day period. This means that individuals or businesses must now earn at least $2,500 from check cashing services within a 30-day period before they are required to obtain a license to provide those services in the state of New Mexico. The bill also specifies that the effective date of these changes is July 1, 2017.
Committee Categories
Business and Industry, Government Affairs, Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 13] Do pass committee report adopted (on 01/29/2017)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=377&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0377.pdf |
Loading...