Unauthorized activities

A person shall not engage in the business of money transmission on behalf of a person not licensed under this chapter or not exempt pursuant to § 45-7-104 . A person that engages in such activity provides money transmission to the same extent as if the person were a licensee, and is jointly and severally liable with the unlicensed or nonexempt person. Amended by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024. Acts 2013, ch. 103, § 2; T.C.A., § 45-7-227 . A person shall not engage in the business of money transmission on behalf of a person not licensed under this chapter or not exempt pursuant to § 45-7-104 . A person that engages in such activity provides money transmission to the same extent as if the person were a licensee, and is jointly and severally liable with the unlicensed or nonexempt person. Amended by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024. Acts 2013, ch. 103, § 2; T.C.A., § 45-7-227 .