{"data":{"id":"us-al/ala.-code-8-7a-5","jurisdiction":"us-al","citation":"Ala. Code § 8-7A-5","heading":"License Required.","body":"(a) A person may not engage in the business of money transmission or advertise, solicit, or hold itself out as providing money transmission unless the person meets one of the following requirements:\n(1) Is licensed under this chapter.\n(2) Is an authorized delegate of a person licensed under this chapter.\n(b) A license under this chapter is not transferable or assignable.\n(c) Persons licensed and in good standing pursuant to Chapter 7 of this title, on August 1, 2017, shall retain the license issued pursuant to that chapter without interruption until their next licensing renewal date.","path":["Title 8 Commercial Law and Consumer Protection.","Chapter 7A Alabama Monetary Transmission Act."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=8-7A-5","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"3827c71038aa0ed9d50408997effaf4381293c5a68b878e07bec56d2d1ecb4ee","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-8-7a-4","next":"us-al/ala.-code-8-7a-6"},"notice":"GroundRules: Original legal text. Not legal advice."}