Licensing Exemptions

The following are not required to be licensed as money transmitters: (1) Persons described in M.G.L. c. 169B, section 2(a); (2) Entities solely engaged in payroll processing services; and (3) A person exempt by regulation or order if the Commissioner finds such exemption to be in the public interest and the regulation of such person is not necessary for the purposes of M.G.L. c. 169B.