Sec. 151.303. ADDITIONAL QUALIFICATIONS

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In addition to the general qualifications for licensure set forth in Section 151.202, an applicant for a money transmission license must demonstrate to the satisfaction of the commissioner that:
(1) the applicant has and will maintain the minimum net worth required under Section 151.307;
(2) the applicant's financial condition will enable the applicant to safely and soundly engage in the business of money transmission; and
(3) the applicant does not engage in any activity or practice that adversely affects the applicant's safety and soundness.

Added by Acts 2005, 79th Leg., Ch. 1099 , Sec. 1, eff. September 1, 2005.

                    
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