SB835 — Financial institutions: money transmitters; money transmission modernization act; create. Creates new act & repeals 2006 PA 250 (MCL 487.1001

SB835 — Financial institutions: money transmitters; money transmission modernization act; create. Creates new act & repeals 2006 PA 250 (MCL 487.1001 - 487.1047). · Informed CitizenryThe 'money transmission modernization act' is established to replace existing Michigan money transmission laws. The act defines key terms such as 'acting in concert,' 'authorized delegate,' 'contro…Open in Informed Citizenry