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Application for Change in Control of Check Seller or Money Transmitter Licensee

Application for Change in Control of Check Seller or Money Transmitter Licensee:

This application must be filed by any/each person seeking to acquire 10% or more of the voting shares of a corporation or a 10% or more controlling interest in any other entity licensed to conduct business as a check seller or money transmitter in Georgia.

Change in Officer or Director of a Licensee - Prior to taking position, any/each person seeking to be an officer or director of a check seller or money transmitter licensee must provide certain documentation in order to be approved by this Department. This is similar to the process for one seeking to acquire 10% or more.

Note that a credit report will be pulled as permission is granted by the MSB3 Form. Issues including collections, charge-offs with balances, public records/liens, will need to be resolved prior to approval.