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Can you summarize SDAR Chapter 20:07:21?
BANKING (LABOR AND REGULATION) > Money transmission licenses.
Short Summary
The provided legal document content pertains to money transmission licenses in South Dakota. It states that the annual renewal fee for any person licensed under SDCL chapter 51A-17 is eight hundred dollars. Additionally, it mentions that any person applying for an original license pursuant to SDCL chapter 51A-17 must include a nonrefundable application fee of five hundred dollars and an original license fee of one thousand dollars with the application. The document references various sources and effective dates for these fees. The general authority for these fees is SDCL 51A-17-19, and the law implemented is SDCL 51A-17-19. The document does not specify any exemptions or penalties related to money transmission licenses.
Whom does it apply to?
Any person licensed under SDCL chapter 51A-17
What does it govern?
Money transmission licenses
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
South Dakota