Haw. Rev. Stat. § 489D-21
Authorized delegate contracts
Hawaii · Hawaii Revised Statutes Chapter 489D — Money Transmitters Modernization Act · Status: effective
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- Citation
- Haw. Rev. Stat. § 489D-21, Authorized delegate contracts, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2427147
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Full text
Licensees desiring to conduct licensed activities through authorized delegates shall authorize each delegate to operate pursuant to an express written contract. These contracts shall provide the following:
(1) That the licensee appoints the person as the licensee's delegate with authority to engage in money transmission on behalf of the licensee;
(2) That neither a licensee nor an authorized delegate may authorize subdelegates without the written consent of the commissioner;
(3) That the licensee is subject to supervision and rule by the commissioner; and
(4) That the authorized delegate certifies that it is in compliance with the recordkeeping and reporting requirements under title 31 United States Code section 5311 et seq., [title] 31 Code of Federal Regulations part 1022, section 1022.210, and other federal and state laws pertaining to money laundering.