Texas A.G. Issues Opinion on Whether Professional Employer Organization That Conducts Money Transmission Is Subject to Licensure Under Finance Code
October 22, 2020
October 22, 2020
AUSTIN, Texas, Oct. 22 -- Texas Attorney General Ken Paxton issued the following opinion (No. KP-0336):
To: Mr. Charles G. Cooper, Banking Commissioner, Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705
Re: Whether a professional employer organization that conducts money transmission as defined in the Finance Code is subject to licensure under the Finance Code, notwithstanding licensure as a professional employer organization under the Labor C . . .
To: Mr. Charles G. Cooper, Banking Commissioner, Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705
Re: Whether a professional employer organization that conducts money transmission as defined in the Finance Code is subject to licensure under the Finance Code, notwithstanding licensure as a professional employer organization under the Labor C . . .