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Subcommittee approves repeal of outdated money-services regulations tied to 2024 model law
2421086 · February 20, 2025
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Summary
The subcommittee approved document 5,363 to repeal most existing money-services regulations that were superseded by Act 218 of 2024 and to retain limited language on fee retention for incomplete applications.
The House Regulations Administrative Procedures Artificial Intelligence Cybersecurity Committee and the Education Administrative Subcommittee voted to approve document 5,363, a rewrite of the state’s money-services regulations that largely repeals rules superseded by Act 218 of 2024 (the model money…
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