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What documentation must a licensee provide to an authorized delegate?
An authorized delegate (AD) is defined as a person that a licensee designates to provide money transmission services in this state on behalf of the licensee. The agreement between the licensee and AD must be in writing and require the AD to operate in compliance with the MTSA and other applicable law. The licensee must furnish the AD with written policies and procedures sufficient to ensure compliance with the MTSA and other applicable law. The specific information included in Sections 21, 25, 33, 34 and 42 of the MTSA must be included within the signed AD agreement or provided within the policies and procedures given to the AD.