Check cashing and currency exchange licenses required

  1. Law
  2. Vermont Statutes
  3. Banking and Insurance
  4. Money Services
  5. Check cashing and currency exchange licenses required

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§ 2515. Check cashing and currency exchange licenses required

(a) A person licensed under this subchapter may engage in check cashing and currency exchange.

(b) A person licensed under subchapter 2 of this chapter may engage in check cashing and currency exchange without first obtaining a separate license under this subchapter.

(c) An authorized delegate of a person licensed under subchapter 2 of this chapter may engage in check cashing and currency exchange without first obtaining a license under this subchapter if such money services are within the scope of activity permissible under the contract between the authorized delegate and the licensee. (Added 2001, No. 55, § 1, eff. Jan. 1, 2002.)


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