Uniform Money Services Act Rulemaking

Thursday, July 30, 2015

DFI has filed a CR-101 to propose amendments to the rules implementing the law. 

The rules will be proposed for amendment to  benefit the regulated industries by having clear and consistent rules including taking into account innovations in the industry, informing the industry of obligations under state and federal law, and providing a tiered net worth structure based on volume and business type to better accommodate differently sized businesses and business models, among other things.

Rulemaking Documents and Information