HI HB2113

Amends Section 489D-9 to modify money transmitter license application requirements by clarifying that criminal history record checks can be conducted "by or through NMLS or pursuant to" chapter 846, rather than requiring compliance with a specific method.

Changes terminology in application requirements from "prior to" to "before" when referencing the time periods for disclosing material litigation and criminal convictions (ten-year period for applicants and principals; five-year period for enforcement actions).

Amends Section 489D-34 to update the commissioner's powers regarding criminal history record checks, allowing checks to be "conducted by or through NMLS or pursuant to" chapter 846 instead of requiring a specific compliance method.

Reduces regulatory burden by allowing money transmitter applicants to submit to either a state or federal criminal history record check rather than both, eliminating redundancy.

Effective date: July 1, 2022.