Download official copy (PDF) August 23, 2016 Re: – Opinion Dear ____________, Thank you for your letter to the Commissioner of Business Oversight, Jan Lynn Owen, dated August 1, 2016. As counsel for the Legal Division, the Commissioner requested that I... Read MoreRead more about Lending Limits and Common Servicer
Download official copy (PDF) August 23, 2016Re: – Opinion Dear __________: Thank you for your letters to the Commissioner of Business Oversight, Jan Lynn Owen, dated, March 21, 2016 and July 14, 2016. As Senior Counsel for the Legal Division, the... Read MoreRead more about Money Transmission in this State
Download official copy (PDF) October 6, 2016 Re: Opinion Request Dear Mr. ______________: This letter is in response to your request that the Department of Business Oversight (“Department”) state whether ______________ is subject to the Money Transmission Act... Read MoreRead more about Reimbursement for foreign-currency sale is not money transmission.
Download official copy (PDF) November 3, 2016Re: Request for Approval of Money Transmission Funds Maintained in Deposit Accounts as Eligible Securities... Read MoreRead more about Eligible Securities/FBO Accounts
Download official copy (PDF)November 3, 2016 Re: Opinion Request Dear _________: Thank you for your letter dated September 29, 2016, in which _________ requested approval by the Department of Business Oversight to include certain bank accounts as eligible... Read MoreRead more about Eligible Securities – FBO Account Titles