CS/HB 1277: Money Services Businesses
GENERAL BILL by Insurance and Banking Subcommittee ; Davis
Money Services Businesses; Revises frequency & notice requirements for examinations & investigations by OFR of money services business licensees; prohibits money services businesses, authorized vendors, & affiliated parties from knowingly possessing certain paraphernalia used or intended or designed for use in misrepresenting customer's identity; prohibits certain persons from providing customer's personal identification information to licensee; prohibits certain acts by money services businesses, authorized vendors, & affiliated parties; revises conditions for which money services business license may be suspended; requires licensee to maintain its own federally insured depository account & deposit into account any payment instruments cashed; requires licensee to notify OFR & cease to cash payment instruments if licensee ceases to maintain account; prohibits licensee from accepting or cashing payment instrument from person who is not original payee except under certain circumstances; establishes limit on amount of fees that licensees may charge for direct costs of verification; revises requirements for records that licensee must maintain.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/5/2012 | House |
• Filed |
| 1/10/2012 | House |
• Introduced -HJ 126 |
| 1/12/2012 | House |
• Referred to Insurance and Banking Subcommittee; Rulemaking and Regulation Subcommittee; Government Operations Appropriations Subcommittee; Economic Affairs Committee -HJ 214 |
| 1/26/2012 | House |
• PCS on Committee agenda-- Insurance and Banking Subcommittee, 01/30/12, 2:00 pm, 404 HOB |
| 1/30/2012 | House |
• CS by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 323 |
| 2/1/2012 | House |
• Pending review of CS under Rule 7.19(c) • CS by Insurance and Banking Subcommittee read 1st time -HJ 315 |
| 2/2/2012 | House |
• Original reference(s) removed: Rulemaking and Regulation Subcommittee; Government Operations Appropriations Subcommittee • CS referred to Economic Affairs Committee -HJ 452 • Now in Economic Affairs Committee -HJ 452 |
| 2/14/2012 | House |
• On Committee agenda-- Economic Affairs Committee, 02/16/12, 11:30 am, Reed Hall |
| 2/16/2012 | House |
• Favorable by- Economic Affairs Committee; YEAS 14 NAYS 0 -HJ 684 |
| 2/18/2012 | House |
• Placed on Calendar -HJ 684 |
| 2/20/2012 | House |
• Placed on Special Order Calendar, 02/22/12 |
| 2/22/2012 | House |
• Read 2nd time -HJ 733 • Placed on 3rd reading |
| 2/23/2012 | House |
• Read 3rd time -HJ 790 • CS passed; YEAS 115 NAYS 0 -HJ 790 |
| 2/24/2012 | Senate |
• In Messages |
| 3/5/2012 | Senate |
• Received -SJ 829 • Referred to Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget -SJ 829 |
| 3/8/2012 | Senate |
• Withdrawn from Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget -SJ 962 • Placed on Calendar, on 2nd reading -SJ 962 • Placed on Special Order Calendar, 03/08/12 • Substituted for CS/CS/SB 1586 -SJ 963 • Read 2nd time -SJ 963 • Read 3rd time -SJ 963 • CS passed; YEAS 40 NAYS 0 -SJ 963 |
| 3/8/2012 | House |
• Ordered enrolled -HJ 1245 |
| 3/30/2012 |
• Signed by Officers and presented to Governor |
|
| 4/6/2012 |
• Approved by Governor |
|
| 4/8/2012 |
• Chapter No. 2012-85 |
