Missouri § 361.903 Purpose.

Missouri Statutes

§ 361.903 — Purpose.

Missouri § 361.903

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 361Division of Finance and Powers of Director of Finance

This text of Missouri § 361.903 (Purpose.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 361.903 (2026).

Text

Sections 361.900 to 361.1035 are designed to replace existing state money transmission laws currently codified in law and to:

(1)Ensure states may coordinate in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively utilize regulator resources;

(2)Protect the public from financial crime;

(3)Standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and

(4)Modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.

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Sections 361.900 to 361.1035 are designed to replace existing state money transmission laws currently codified in law and to:

(1) Ensure states may coordinate in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively utilize regulator resources;

(2) Protect the public from financial crime;

(3) Standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and

(4) Modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.