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Virginia Law

Code of Virginia

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Code of Virginia
Title 6.2. Financial Institutions and Services
Chapter 19.1. Money Transmitters
7/4/2025

§ 6.2-1929. (Effective July 1, 2026) License required.

A. No person shall engage in the business of money transmission or advertise, solicit, or hold itself out as providing money transmission unless the person is licensed under this chapter.

B. No person that is an authorized delegate of a person licensed under this chapter acting within the scope of authority conferred by a written contract with the licensee shall be required to be licensed under this chapter.

C. A license issued under § 6.2-1933 is not transferable or assignable.

2025, c. 214.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.