Who is NOT subject to the MTSA?
Answer The act does not apply to any of the following: The United States or a department, agency, or instrumentality of the United States. Money transmission services provided by the U.S. Postal Service or a contractor on behalf of the U.S. Postal Service. A state, county, city, or other governmental subdivision of a state. A depository financial institution, office of an international banking corporation or branch of a foreign bank, bank holding company or subsidiary, subsidiary or affiliate of a depository financial institution, or a subsidiary of affiliate of a holding company of a depository financial institution, if the depository financial institution maintains its main office or a branch office in this state, a credit union service organization, corporation organized under the Edge Act, or a bank service company organized under the Bank Service Company Act. Electronic funds transfer of governmental benefits for a federal, state, county, or governmental agency by a contractor on
