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  • (a) A person may not engage in check cashing or advertise, solicit, or hold itself out as providing check cashing for which the person receives at least $500 within a 30-day period unless the person:

    • (1) is licensed under this subchapter;

    • (2) is licensed for money transmission under subchapter 2 or approved to engage in money transmission under section 517;

    • (3) is licensed for currency exchange under subchapter 4;

    • (4) is an authorized delegate of a person licensed under subchapter 2; or

    • (5) is an authorized delegate of a person approved to engage in money transmission under section 517.

  • (b) A license under this subchapter is not transferable or assignable.


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