Bill > SB2772

This bill clarifies the bond requirements for money transmitter licensees and expands the powers of the Commissioner of Financial Institutions relating to money transmitters. Specifically, it allows the security device required for money transmitter licensees to secure the faithful performance of obligations related to the receipt, handling, transmission, and payment of money or monetary value. The bill also grants the Commissioner additional powers, such as adopting rules, investigating complaints, conducting hearings, and revoking or suspending licenses for violations of the law.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2772&year=2018