{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1923.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1923.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1923.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1923.html"}],"law_id":82828,"edition_id":1,"section_id":82828,"structure_id":13396,"section_number":"6.2-1923","catch_line":"(Effective July 1, 2026) Exemptions","history":"2025, c. 214.","full_text":"The provisions of this chapter shall not apply to:\n\n1\n\nAn operator of a payment system, to the extent that it provides processing, clearing, or settlement services between or among persons exempted by this section, or licensees, in connection with wire transfers, credit card transactions, debit card transactions, stored-value transactions, automated clearing house transfers, or similar funds transfers.2\n\nA person appointed as an agent of a payee to collect and process a payment from a payor to the payee for goods or services, other than money transmission itself, provided to the payor by the payee, provided that (i) there exists a written agreement between the payee and the agent directing the agent to collect and process payments from payors on the payee’s behalf; (ii) the payee holds the agent out to the public as accepting payments for goods or services on the payee’s behalf; and (iii) payment for the goods and services is treated as received by the payee upon receipt by the agent so that the payor’s obligation is extinguished and there is no risk of loss to the payor if the agent fails to remit the funds to the payee.3\n\nA person that acts as an intermediary by processing payments between an entity that has directly incurred an outstanding money transmission obligation to a sender and the sender’s designated recipient, provided that the entity (i) is properly licensed or exempt from licensing requirements under this chapter; (ii) provides a receipt, electronic record, or other written confirmation to the sender identifying the entity as the provider of money transmission in the transaction; and (iii) bears sole responsibility to satisfy the outstanding money transmission obligation to the sender, including the obligation to make the sender whole in connection with any failure to transmit the funds to the sender’s designated recipient.4\n\nThe United States or any department, agency, or instrumentality thereof, or its agent.5\n\nMoney transmission by the United States Postal Service or by an agent of the United States Postal Service.6\n\nA state, county, city, or any other governmental agency or governmental subdivision or instrumentality of a state, or its agent.7\n\nA federally insured depository financial institution, bank holding company, office of an international banking corporation, foreign bank that establishes a federal branch pursuant to the federal International Bank Act (12 U.S.C. § 3102 et seq.), corporation organized pursuant to the federal Bank Service Company Act (12 U.S.C. § 1861 et seq.), or corporation organized under the federal Edge Act (12 U.S.C. § 611 et seq.).8\n\nAn electronic funds transfer of governmental benefits for a federal, state, county, or governmental agency by a contractor on behalf of the United States or a department, agency, or instrumentality thereof, or on behalf of a state, county, or governmental subdivision, agency, or instrumentality thereof.9\n\nA board of trade designated as a contract market under the federal Commodity Exchange Act (7 U.S.C. § 1 et seq.) or a person that, in the ordinary course of business, provides clearance and settlement services for a board of trade to the extent of its operation as or for such a board.10\n\nA registered futures commission merchant under the federal commodities laws to the extent of its operation as such a merchant.11\n\nA person registered as a securities broker-dealer under federal or state securities laws to the extent of its operation as such a broker-dealer.12\n\nAn individual employed by a licensee, authorized delegate, or any person exempted from the licensing requirements of this chapter when acting within the scope of employment and under the supervision of the licensee, authorized delegate, or exempted person as an employee and not as an independent contractor.13\n\nA person expressly appointed as a third-party service provider to or agent of an entity exempt under subdivision 7 solely to the extent that (i) such service provider or agent is engaging in money transmission on behalf of and pursuant to a written agreement with the exempt entity that sets forth the specific functions that the service provider or agent is to perform and (ii) the exempt entity assumes all risk of loss and all legal responsibility for satisfying the outstanding money transmission obligations owed to purchasers and holders of the outstanding money transmission obligations upon receipt of the purchaser’s or holder’s money or monetary value by the service provider or agent.14\n\nAny private security services business, licensed under § 9.1-139, that transports or offers to transport money.15\n\nA person appointed as an agent of a payor for purposes of providing payroll processing services for which the agent would otherwise need to be licensed, provided that (i) there is a written agreement between the payor and the agent that directs the agent to provide payroll processing services on the payor’s behalf; (ii) the payor holds the agent out to employees and other payees as providing payroll processing services on the payor’s behalf; and (iii) the payor’s obligation to a payee, including an employee or any other party entitled to receive funds via the payroll processing services provided by the agent, shall not be extinguished if the agent fails to remit the funds to the payee.","order_by":null,"text":{"0":{"id":296923,"text":"The provisions of this chapter shall not apply to:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":296924,"text":"An operator of a payment system, to the extent that it provides processing, clearing, or settlement services between or among persons exempted by this section, or licensees, in connection with wire transfers, credit card transactions, debit card transactions, stored-value transactions, automated clearing house transfers, or similar funds transfers.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":296925,"text":"A person appointed as an agent of a payee to collect and process a payment from a payor to the payee for goods or services, other than money transmission itself, provided to the payor by the payee, provided that (i) there exists a written agreement between the payee and the agent directing the agent to collect and process payments from payors on the payee’s behalf; (ii) the payee holds the agent out to the public as accepting payments for goods or services on the payee’s behalf; and (iii) payment for the goods and services is treated as received by the payee upon receipt by the agent so that the payor’s obligation is extinguished and there is no risk of loss to the payor if the agent fails to remit the funds to the payee.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":296926,"text":"A person that acts as an intermediary by processing payments between an entity that has directly incurred an outstanding money transmission obligation to a sender and the sender’s designated recipient, provided that the entity (i) is properly licensed or exempt from licensing requirements under this chapter; (ii) provides a receipt, electronic record, or other written confirmation to the sender identifying the entity as the provider of money transmission in the transaction; and (iii) bears sole responsibility to satisfy the outstanding money transmission obligation to the sender, including the obligation to make the sender whole in connection with any failure to transmit the funds to the sender’s designated recipient.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":296927,"text":"The United States or any department, agency, or instrumentality thereof, or its agent.","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":296928,"text":"Money transmission by the United States Postal Service or by an agent of the United States Postal Service.","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":296929,"text":"A state, county, city, or any other governmental agency or governmental subdivision or instrumentality of a state, or its agent.","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"7":{"id":296930,"text":"A federally insured depository financial institution, bank holding company, office of an international banking corporation, foreign bank that establishes a federal branch pursuant to the federal International Bank Act (12 U.S.C. § 3102 et seq.), corporation organized pursuant to the federal Bank Service Company Act (12 U.S.C. § 1861 et seq.), or corporation organized under the federal Edge Act (12 U.S.C. § 611 et seq.).","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6","next_prefix":"8"},"8":{"id":296931,"text":"An electronic funds transfer of governmental benefits for a federal, state, county, or governmental agency by a contractor on behalf of the United States or a department, agency, or instrumentality thereof, or on behalf of a state, county, or governmental subdivision, agency, or instrumentality thereof.","type":"section","prefixes":["8"],"prefix":"8","entire_prefix":"8","prefix_anchor":"8","level":1,"prior_prefix":"7","next_prefix":"9"},"9":{"id":296932,"text":"A board of trade designated as a contract market under the federal Commodity Exchange Act (7 U.S.C. § 1 et seq.) or a person that, in the ordinary course of business, provides clearance and settlement services for a board of trade to the extent of its operation as or for such a board.","type":"section","prefixes":["9"],"prefix":"9","entire_prefix":"9","prefix_anchor":"9","level":1,"prior_prefix":"8","next_prefix":"10"},"10":{"id":296933,"text":"A registered futures commission merchant under the federal commodities laws to the extent of its operation as such a merchant.","type":"section","prefixes":["10"],"prefix":"10","entire_prefix":"10","prefix_anchor":"10","level":1,"prior_prefix":"9","next_prefix":"11"},"11":{"id":296934,"text":"A person registered as a securities broker-dealer under federal or state securities laws to the extent of its operation as such a broker-dealer.","type":"section","prefixes":["11"],"prefix":"11","entire_prefix":"11","prefix_anchor":"11","level":1,"prior_prefix":"10","next_prefix":"12"},"12":{"id":296935,"text":"An individual employed by a licensee, authorized delegate, or any person exempted from the licensing requirements of this chapter when acting within the scope of employment and under the supervision of the licensee, authorized delegate, or exempted person as an employee and not as an independent contractor.","type":"section","prefixes":["12"],"prefix":"12","entire_prefix":"12","prefix_anchor":"12","level":1,"prior_prefix":"11","next_prefix":"13"},"13":{"id":296936,"text":"A person expressly appointed as a third-party service provider to or agent of an entity exempt under subdivision 7 solely to the extent that (i) such service provider or agent is engaging in money transmission on behalf of and pursuant to a written agreement with the exempt entity that sets forth the specific functions that the service provider or agent is to perform and (ii) the exempt entity assumes all risk of loss and all legal responsibility for satisfying the outstanding money transmission obligations owed to purchasers and holders of the outstanding money transmission obligations upon receipt of the purchaser’s or holder’s money or monetary value by the service provider or agent.","type":"section","prefixes":["13"],"prefix":"13","entire_prefix":"13","prefix_anchor":"13","level":1,"prior_prefix":"12","next_prefix":"14"},"14":{"id":296937,"text":"Any private security services business, licensed under § 9.1-139, that transports or offers to transport money.","type":"section","prefixes":["14"],"prefix":"14","entire_prefix":"14","prefix_anchor":"14","level":1,"prior_prefix":"13","next_prefix":"15"},"15":{"id":296938,"text":"A person appointed as an agent of a payor for purposes of providing payroll processing services for which the agent would otherwise need to be licensed, provided that (i) there is a written agreement between the payor and the agent that directs the agent to provide payroll processing services on the payor’s behalf; (ii) the payor holds the agent out to employees and other payees as providing payroll processing services on the payor’s behalf; and (iii) the payor’s obligation to a payee, including an employee or any other party entitled to receive funds via the payroll processing services provided by the agent, shall not be extinguished if the agent fails to remit the funds to the payee.","type":"section","prefixes":["15"],"prefix":"15","entire_prefix":"15","prefix_anchor":"15","level":1,"prior_prefix":"14"}},"ancestry":[{"id":13396,"edition_id":1,"name":"Money Transmitters","identifier":"19.1","label":"chapter","depth":3,"order_by":1,"parent_id":13060,"metadata":{},"date_created":"2026-06-26 03:44:48","date_modified":"2026-06-26 03:44:48","permalink":{"id":266479,"object_type":"structure","relational_id":13396,"identifier":"19.1","token":"6.2\/III\/19.1","url":"\/6.2\/III\/19.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13060,"edition_id":1,"name":"Other Regulated Providers of Financial Services","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:12","date_modified":"2026-06-26 03:44:12","permalink":{"id":265721,"object_type":"structure","relational_id":13060,"identifier":"III","token":"6.2\/III","url":"\/6.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":78099,"structure_id":13396,"section_number":"6.2-1922","catch_line":"(Effective July 1, 2026) Definitions","url":"\/6.2-1922\/","token":"6.2\/III\/19.1\/6.2-1922","metadata":false},{"id":82828,"structure_id":13396,"section_number":"6.2-1923","catch_line":"(Effective July 1, 2026) Exemptions","url":"\/6.2-1923\/","token":"6.2\/III\/19.1\/6.2-1923","metadata":false},{"id":71413,"structure_id":13396,"section_number":"6.2-1924","catch_line":"(Effective July 1, 2026) Implementation","url":"\/6.2-1924\/","token":"6.2\/III\/19.1\/6.2-1924","metadata":false},{"id":79717,"structure_id":13396,"section_number":"6.2-1925","catch_line":"(Effective July 1, 2026) Regulations","url":"\/6.2-1925\/","token":"6.2\/III\/19.1\/6.2-1925","metadata":false},{"id":65871,"structure_id":13396,"section_number":"6.2-1926","catch_line":"(Effective July 1, 2026) Supervision","url":"\/6.2-1926\/","token":"6.2\/III\/19.1\/6.2-1926","metadata":false},{"id":62025,"structure_id":13396,"section_number":"6.2-1927","catch_line":"(Effective July 1, 2026) Networked supervision","url":"\/6.2-1927\/","token":"6.2\/III\/19.1\/6.2-1927","metadata":false},{"id":70844,"structure_id":13396,"section_number":"6.2-1928","catch_line":"(Effective July 1, 2026) Relationship to federal law","url":"\/6.2-1928\/","token":"6.2\/III\/19.1\/6.2-1928","metadata":false},{"id":55220,"structure_id":13396,"section_number":"6.2-1929","catch_line":"(Effective July 1, 2026) License required","url":"\/6.2-1929\/","token":"6.2\/III\/19.1\/6.2-1929","metadata":false},{"id":65393,"structure_id":13396,"section_number":"6.2-1930","catch_line":"(Effective July 1, 2026) Consistent state licensing","url":"\/6.2-1930\/","token":"6.2\/III\/19.1\/6.2-1930","metadata":false},{"id":81034,"structure_id":13396,"section_number":"6.2-1931","catch_line":"(Effective July 1, 2026) Application for license","url":"\/6.2-1931\/","token":"6.2\/III\/19.1\/6.2-1931","metadata":false},{"id":68858,"structure_id":13396,"section_number":"6.2-1932","catch_line":"(Effective July 1, 2026) Information required for certain individuals","url":"\/6.2-1932\/","token":"6.2\/III\/19.1\/6.2-1932","metadata":false},{"id":64243,"structure_id":13396,"section_number":"6.2-1933","catch_line":"(Effective July 1, 2026) Issuance of license","url":"\/6.2-1933\/","token":"6.2\/III\/19.1\/6.2-1933","metadata":false},{"id":73816,"structure_id":13396,"section_number":"6.2-1934","catch_line":"(Effective July 1, 2026) License renewal","url":"\/6.2-1934\/","token":"6.2\/III\/19.1\/6.2-1934","metadata":false},{"id":63168,"structure_id":13396,"section_number":"6.2-1935","catch_line":"(Effective July 1, 2026) Maintenance of license","url":"\/6.2-1935\/","token":"6.2\/III\/19.1\/6.2-1935","metadata":false},{"id":64284,"structure_id":13396,"section_number":"6.2-1936","catch_line":"(Effective July 1, 2026) Acquisition of control","url":"\/6.2-1936\/","token":"6.2\/III\/19.1\/6.2-1936","metadata":false},{"id":70569,"structure_id":13396,"section_number":"6.2-1937","catch_line":"(Effective July 1, 2026) Change of key individual; notice and required information","url":"\/6.2-1937\/","token":"6.2\/III\/19.1\/6.2-1937","metadata":false},{"id":64010,"structure_id":13396,"section_number":"6.2-1938","catch_line":"(Effective July 1, 2026) Report of condition","url":"\/6.2-1938\/","token":"6.2\/III\/19.1\/6.2-1938","metadata":false},{"id":83608,"structure_id":13396,"section_number":"6.2-1939","catch_line":"(Effective July 1, 2026) Audited financials","url":"\/6.2-1939\/","token":"6.2\/III\/19.1\/6.2-1939","metadata":false},{"id":74501,"structure_id":13396,"section_number":"6.2-1940","catch_line":"(Effective July 1, 2026) Authorized delegate reporting","url":"\/6.2-1940\/","token":"6.2\/III\/19.1\/6.2-1940","metadata":false},{"id":76742,"structure_id":13396,"section_number":"6.2-1941","catch_line":"(Effective July 1, 2026) Reports of certain events","url":"\/6.2-1941\/","token":"6.2\/III\/19.1\/6.2-1941","metadata":false},{"id":56737,"structure_id":13396,"section_number":"6.2-1942","catch_line":"(Effective July 1, 2026) Reports required by federal law","url":"\/6.2-1942\/","token":"6.2\/III\/19.1\/6.2-1942","metadata":false},{"id":60649,"structure_id":13396,"section_number":"6.2-1943","catch_line":"(Effective July 1, 2026) Records","url":"\/6.2-1943\/","token":"6.2\/III\/19.1\/6.2-1943","metadata":false},{"id":63079,"structure_id":13396,"section_number":"6.2-1944","catch_line":"(Effective July 1, 2026) Relationship between licensee and authorized delegate; prohibited activities","url":"\/6.2-1944\/","token":"6.2\/III\/19.1\/6.2-1944","metadata":false},{"id":62969,"structure_id":13396,"section_number":"6.2-1945","catch_line":"(Effective July 1, 2026) Timely transmission","url":"\/6.2-1945\/","token":"6.2\/III\/19.1\/6.2-1945","metadata":false},{"id":64138,"structure_id":13396,"section_number":"6.2-1946","catch_line":"(Effective July 1, 2026) Refunds","url":"\/6.2-1946\/","token":"6.2\/III\/19.1\/6.2-1946","metadata":false},{"id":57065,"structure_id":13396,"section_number":"6.2-1947","catch_line":"(Effective July 1, 2026) Receipts","url":"\/6.2-1947\/","token":"6.2\/III\/19.1\/6.2-1947","metadata":false},{"id":61020,"structure_id":13396,"section_number":"6.2-1948","catch_line":"(Effective July 1, 2026) Notice","url":"\/6.2-1948\/","token":"6.2\/III\/19.1\/6.2-1948","metadata":false},{"id":59235,"structure_id":13396,"section_number":"6.2-1949","catch_line":"(Effective July 1, 2026) Payroll processing services","url":"\/6.2-1949\/","token":"6.2\/III\/19.1\/6.2-1949","metadata":false},{"id":81196,"structure_id":13396,"section_number":"6.2-1950","catch_line":"(Effective July 1, 2026) Net worth","url":"\/6.2-1950\/","token":"6.2\/III\/19.1\/6.2-1950","metadata":false},{"id":61605,"structure_id":13396,"section_number":"6.2-1951","catch_line":"(Effective July 1, 2026) Surety bond","url":"\/6.2-1951\/","token":"6.2\/III\/19.1\/6.2-1951","metadata":false},{"id":86619,"structure_id":13396,"section_number":"6.2-1952","catch_line":"(Effective July 1, 2026) Maintenance of permissible investments","url":"\/6.2-1952\/","token":"6.2\/III\/19.1\/6.2-1952","metadata":false},{"id":56681,"structure_id":13396,"section_number":"6.2-1953","catch_line":"(Effective July 1, 2026) Permissible investments","url":"\/6.2-1953\/","token":"6.2\/III\/19.1\/6.2-1953","metadata":false},{"id":61652,"structure_id":13396,"section_number":"6.2-1954","catch_line":"(Effective July 1, 2026) Suspension or revocation of license","url":"\/6.2-1954\/","token":"6.2\/III\/19.1\/6.2-1954","metadata":false},{"id":84954,"structure_id":13396,"section_number":"6.2-1955","catch_line":"(Effective July 1, 2026) Civil penalties","url":"\/6.2-1955\/","token":"6.2\/III\/19.1\/6.2-1955","metadata":false},{"id":54366,"structure_id":13396,"section_number":"6.2-1956","catch_line":"(Effective July 1, 2026) Cease and desist orders","url":"\/6.2-1956\/","token":"6.2\/III\/19.1\/6.2-1956","metadata":false},{"id":68409,"structure_id":13396,"section_number":"6.2-1957","catch_line":"(Effective July 1, 2026) Criminal penalty","url":"\/6.2-1957\/","token":"6.2\/III\/19.1\/6.2-1957","metadata":false}],"previous_section":{"id":78099,"structure_id":13396,"section_number":"6.2-1922","catch_line":"(Effective July 1, 2026) Definitions","url":"\/6.2-1922\/","token":"6.2\/III\/19.1\/6.2-1922","metadata":false},"next_section":{"id":71413,"structure_id":13396,"section_number":"6.2-1924","catch_line":"(Effective July 1, 2026) Implementation","url":"\/6.2-1924\/","token":"6.2\/III\/19.1\/6.2-1924","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1923\/","history_text":"

This law was first created in 2025. The record of its establishment is cataloged in chapter 214<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":64284,"section_number":"6.2-1936","catch_line":"(Effective July 1, 2026) Acquisition of control","order_by":null,"url":"\/6.2-1936\/"},{"id":63079,"section_number":"6.2-1944","catch_line":"(Effective July 1, 2026) Relationship between licensee and authorized delegate; prohibited activities","order_by":null,"url":"\/6.2-1944\/"}],"refers_to":[{"id":63110,"section_number":"9.1-139","catch_line":"Licensing, certification, and registration required; qualifications; temporary licenses","order_by":null,"url":"\/9.1-139\/"}],"permalink":{"id":266485,"object_type":"law","relational_id":82828,"identifier":"6.2-1923","token":"6.2\/III\/19.1\/6.2-1923","url":"\/6.2-1923\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1923\/","token":"6.2\/III\/19.1\/6.2-1923","dublin_core":{"Title":"(Effective July 1, 2026) Exemptions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1923","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The provisions of this chapter shall not apply to:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> An operator of a payment system, to the extent that it provides processing, clearing, or settlement<\/span> services between or among persons<\/span> exempted by this section, or licensees<\/span>, in connection with wire transfers, credit card transactions, debit card transactions, stored-value transactions, automated clearing house transfers, or similar funds transfers. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A person<\/span> appointed as an agent of a payee to collect and process a payment from a payor to the payee for goods or services, other than money transmission<\/span> itself, provided to the payor by the payee, provided that (i) there exists a written agreement between the payee and the agent directing the agent to collect and process payments from payors on the payee’s behalf; (ii) the payee holds the agent out to the public as accepting payments for goods or services on the payee’s behalf; and (iii) payment for the goods and services is treated as received by the payee upon receipt by the agent so that the payor’s obligation is extinguished and there is no risk of loss to the payor if the agent fails to remit the funds to the payee. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> A person<\/span> that acts as an intermediary by processing payments between an entity<\/span> that has directly incurred an outstanding money transmission<\/span> obligation to a sender and the sender’s designated recipient, provided that the entity<\/span> (i) is properly licensed or exempt from licensing requirements under this chapter; (ii) provides a receipt, electronic record, or other written confirmation to the sender identifying the entity<\/span> as the provider of money transmission<\/span> in the transaction; and (iii) bears sole responsibility to satisfy the outstanding money transmission<\/span> obligation to the sender, including the obligation to make the sender whole in connection with any failure to transmit the funds to the sender’s designated recipient. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The United States or any department, agency, or instrumentality thereof, or its agent. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Money transmission<\/span> by the United States Postal Service or by an agent of the United States Postal Service. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> A state, county, city, or any other governmental agency or governmental subdivision or instrumentality of a state, or its agent. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> A federally insured depository financial institution<\/span>, bank holding company, office of an international banking corporation, foreign bank that establishes a federal branch pursuant to the federal International Bank Act (12 U.S.C. § 3102 et seq.), corporation organized pursuant to the federal Bank Service Company Act (12 U.S.C. § 1861 et seq.), or corporation organized under the federal Edge Act (12 U.S.C. § 611 et seq.). <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> An electronic funds transfer of governmental benefits for a federal, state, county, or governmental agency by a contractor on behalf of the United States or a department, agency, or instrumentality thereof, or on behalf of a state, county, or governmental subdivision, agency, or instrumentality thereof. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> A board of trade designated as a contract<\/span> market under the federal Commodity Exchange Act (7 U.S.C. § 1 et seq.) or a person<\/span> that, in the ordinary course of business, provides clearance and settlement<\/span> services for a board of trade to the extent of its operation as or for such a board. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> A registered futures commission<\/span> merchant under the federal commodities laws<\/span> to the extent of its operation as such a merchant. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

11.<\/span> A person<\/span> registered as a securities broker-dealer under federal or state securities laws<\/span> to the extent of its operation as such a broker-dealer. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

12.<\/span> An individual<\/span> employed by a licensee<\/span>, authorized delegate<\/span>, or any person<\/span> exempted from the licensing requirements of this chapter when acting within the scope of employment and under the supervision of the licensee<\/span>, authorized delegate<\/span>, or exempted person<\/span> as an employee and not as an independent contractor. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

13.<\/span> A person<\/span> expressly appointed as a third-party<\/span> service provider to or agent of an entity<\/span> exempt under subdivision 7 solely to the extent that (i) such service provider or agent is engaging in money transmission on behalf of and pursuant to a written agreement with the exempt entity<\/span> that sets forth the specific functions that the service provider or agent is to perform and (ii) the exempt entity<\/span> assumes all risk of loss and all legal responsibility for satisfying the outstanding money transmission obligations<\/span> owed to purchasers and holders of the outstanding money transmission obligations<\/span> upon receipt of the purchaser’s or holder’s money or monetary value<\/span> by the service provider or agent. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

14.<\/span> Any private security services business, licensed under § 9.1-139<\/a>, that transports or offers to transport money. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

15.<\/span> A person<\/span> appointed as an agent of a payor for purposes of providing payroll processing services<\/span> for which the agent would otherwise need to be licensed, provided that (i) there is a written agreement between the payor and the agent that directs the agent to provide payroll processing services<\/span> on the payor’s behalf; (ii) the payor holds the agent out to employees and other payees as providing payroll processing services<\/span> on the payor’s behalf; and (iii) the payor’s obligation to a payee, including an employee or any other party<\/span> entitled to receive funds via the payroll processing services<\/span> provided by the agent, shall not be extinguished if the agent fails to remit the funds to the payee. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\n(EFFECTIVE JULY 1, 2026) EXEMPTIONS (\u00a7 6.2-1923)\n\nThe provisions of this chapter shall not apply to:\n\n1. An operator of a payment system, to the extent that it provides processing,\nclearing, or settlement services between or among persons exempted by this\nsection, or licensees, in connection with wire transfers, credit card\ntransactions, debit card transactions, stored-value transactions, automated\nclearing house transfers, or similar funds transfers.\n\n2. A person appointed as an agent of a payee to collect and process a payment\nfrom a payor to the payee for goods or services, other than money transmission\nitself, provided to the payor by the payee, provided that (i) there exists a\nwritten agreement between the payee and the agent directing the agent to collect\nand process payments from payors on the payee’s behalf; (ii) the payee\nholds the agent out to the public as accepting payments for goods or services on\nthe payee’s behalf; and (iii) payment for the goods and services is\ntreated as received by the payee upon receipt by the agent so that the\npayor’s obligation is extinguished and there is no risk of loss to the\npayor if the agent fails to remit the funds to the payee.\n\n3. A person that acts as an intermediary by processing payments between an\nentity that has directly incurred an outstanding money transmission obligation\nto a sender and the sender’s designated recipient, provided that the\nentity (i) is properly licensed or exempt from licensing requirements under this\nchapter; (ii) provides a receipt, electronic record, or other written\nconfirmation to the sender identifying the entity as the provider of money\ntransmission in the transaction; and (iii) bears sole responsibility to satisfy\nthe outstanding money transmission obligation to the sender, including the\nobligation to make the sender whole in connection with any failure to transmit\nthe funds to the sender’s designated recipient.\n\n4. The United States or any department, agency, or instrumentality thereof, or\nits agent.\n\n5. Money transmission by the United States Postal Service or by an agent of the\nUnited States Postal Service.\n\n6. A state, county, city, or any other governmental agency or governmental\nsubdivision or instrumentality of a state, or its agent.\n\n7. A federally insured depository financial institution, bank holding company,\noffice of an international banking corporation, foreign bank that establishes a\nfederal branch pursuant to the federal International Bank Act (12 U.S.C. §\n3102 et seq.), corporation organized pursuant to the federal Bank Service\nCompany Act (12 U.S.C. § 1861 et seq.), or corporation organized under the\nfederal Edge Act (12 U.S.C. § 611 et seq.).\n\n8. An electronic funds transfer of governmental benefits for a federal, state,\ncounty, or governmental agency by a contractor on behalf of the United States or\na department, agency, or instrumentality thereof, or on behalf of a state,\ncounty, or governmental subdivision, agency, or instrumentality thereof.\n\n9. A board of trade designated as a contract market under the federal Commodity\nExchange Act (7 U.S.C. § 1 et seq.) or a person that, in the ordinary\ncourse of business, provides clearance and settlement services for a board of\ntrade to the extent of its operation as or for such a board.\n\n10. A registered futures commission merchant under the federal commodities laws\nto the extent of its operation as such a merchant.\n\n11. A person registered as a securities broker-dealer under federal or state\nsecurities laws to the extent of its operation as such a broker-dealer.\n\n12. An individual employed by a licensee, authorized delegate, or any person\nexempted from the licensing requirements of this chapter when acting within the\nscope of employment and under the supervision of the licensee, authorized\ndelegate, or exempted person as an employee and not as an independent\ncontractor.\n\n13. A person expressly appointed as a third-party service provider to or agent\nof an entity exempt under subdivision 7 solely to the extent that (i) such\nservice provider or agent is engaging in money transmission on behalf of and\npursuant to a written agreement with the exempt entity that sets forth the\nspecific functions that the service provider or agent is to perform and (ii) the\nexempt entity assumes all risk of loss and all legal responsibility for\nsatisfying the outstanding money transmission obligations owed to purchasers and\nholders of the outstanding money transmission obligations upon receipt of the\npurchaser’s or holder’s money or monetary value by the service\nprovider or agent.\n\n14. Any private security services business, licensed under § 9.1-139, that\ntransports or offers to transport money.\n\n15. A person appointed as an agent of a payor for purposes of providing payroll\nprocessing services for which the agent would otherwise need to be licensed,\nprovided that (i) there is a written agreement between the payor and the agent\nthat directs the agent to provide payroll processing services on the\npayor’s behalf; (ii) the payor holds the agent out to employees and other\npayees as providing payroll processing services on the payor’s behalf; and\n(iii) the payor’s obligation to a payee, including an employee or any\nother party entitled to receive funds via the payroll processing services\nprovided by the agent, shall not be extinguished if the agent fails to remit the\nfunds to the payee.\n\nHISTORY: 2025, c. 214.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}