Are agents of check sellers or money transmitters required to obtain a separate license?
No. Entities that serve as authorized agents for check sellers or money transmitters are allowed to engage in money transmission without obtaining a separate license as long as they do not engage in money transmission outside of the scope of their contract with the principal transmitter or seller. Therefore, any authorized agent which starts to offer money transmission or sale of checks on its own behalf will be required to obtain its own license.
