HI SB2762

Authorizes the Commissioner of Financial Institutions to require money transmitters to register with the Nationwide Mortgage Licensing System and Registry.

Allows money transmitters to voluntarily surrender their license by providing 30 days written notice and either completing all outstanding money transmissions or assigning them to another licensed money transmitter.

Restructures licensing and renewal fees based on the number of annualized money transmissions rather than fixed amounts plus per-location charges.

Increases the civil penalty for violations from $500 per day to a higher amount (specific dollar figure blank in text) and allows recovery of investigation and prosecution costs.

Prohibits the Commissioner from establishing or adjusting fees by rule, requiring statutory authorization for any fee changes.