KRS 286.11-065: Licenses issued under provisions of former KRS Chapter 366 to remain

in force.

A license issued under the provisions of KRS Chapter 366 that is in effect immediately

prior to April 24, 2006, shall remain in force as a license under this subtitle until midnight

on September 30, 2006, and the licensee shall be governed by the provisions of this

subtitle with the exception that such licensees shall be given until midnight on September

30, 2006, to be in compliance with this subtitle. Such licensees mus t file an application

for a renewal license pursuant to this subtitle within three (3) months after April 24, 2006.

Upon compliance with the provisions of this subtitle, applicants shall be issued a money

transmitter license effective October 1, 2006, through September 30, 2007.