AB 430
Exempts persons engaged in the provision of payroll processing services from provisions governing money transmission. (BDR 55-1072)
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- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes Nevada’s regulations regarding money transmission. Specifically, it exempts businesses that solely provide payroll processing services from the licensing and regulatory requirements currently applied to money transmission. Additionally, the bill repeals certain duties imposed on payroll processors. This change aims to streamline the process for companies handling employee pay while maintaining financial oversight.
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