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23-55-402. Application for license.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-55-402. Application for license.
(a) A person applying for a license under this article shall do so in a form and in a medium prescribed by the commissioner. The application must state or contain:
(1) the legal name and residential and business addresses of the applicant, if the applicant is an individual or, if the applicant is not an individual, the name of each partner, executive officer, manager, and director;
(2) the location of the principal office of the applicant;
(3) complete addresses of other locations in this State where the applicant proposes to engage in currency exchange, including all limited stations and mobile locations;
(4) a description of the source of money and credit to be used by the applicant to engage in currency exchange; and
(5) other information the commissioner reasonably requires with respect to the applicant, but not more than the commissioner may require under § 23-55-201 et seq.
(b) A nonrefundable application fee of $1,500 and a license fee of $375 must accompany an application for a license under this article. The license fee must be refunded if the application is denied.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-55-402
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-55-402
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2feac7dee27e3b9535ab4b4069ca6b79dca00b4b841782cd1342bbcdcc33f106
Source location: content.xml paragraph 26860
Stored source content
23-55-402. Application for license.
(a) A person applying for a license under this article shall do so in a form and in a medium prescribed by the commissioner. The application must state or contain:
(1) the legal name and residential and business addresses of the applicant, if the applicant is an individual or, if the applicant is not an individual, the name of each partner, executive officer, manager, and director;
(2) the location of the principal office of the applicant;
(3) complete addresses of other locations in this State where the applicant proposes to engage in currency exchange, including all limited stations and mobile locations;
(4) a description of the source of money and credit to be used by the applicant to engage in currency exchange; and
(5) other information the commissioner reasonably requires with respect to the applicant, but not more than the commissioner may require under § 23-55-201 et seq.
(b) A nonrefundable application fee of $1,500 and a license fee of $375 must accompany an application for a license under this article. The license fee must be refunded if the application is denied.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-55-201. License required.
(a) 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:
(1) is licensed under this article;
(2) is an authorized delegate of a person licensed under this article; or
(3) is excluded under § 23-55-103.
(b) A license under this article is not transferable or assignable.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-55-201
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-55-201. This identifies an authority to review, not proof of applicability.