521

(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:\n(1) is licensed under this subchapter;\n(2) is licensed for money transmission under subchapter 2 or approved to engage in money transmission under section 517;\n(3) is licensed for currency exchange under subchapter 4;\n(4) is an authorized delegate of a person licensed under subchapter 2; or\n(5) is an authorized delegate of a person approved to engage in money transmission under section 517.\n(b) A license under this subchapter is not transferable or assignable.