{"data":{"id":"us-dc/d.c.-code-26-1004","jurisdiction":"us-dc","citation":"D.C. Code § 26-1004","heading":"License qualifications.","body":"(a)\nEach licensee under this chapter shall at all times have a net worth of not less than $100,000, calculated in accordance with generally accepted accounting principles. Licensees engaging in money transmission at more than one location or through authorized delegates shall have an additional net worth of $50,000 per location or authorized delegate located in the District of Columbia, as applicable. The maximum net worth required for all locations shall not exceed $500,000.\n\n(b)\nEvery corporate applicant, at the time of filing of an application for a license under this chapter and at all times after a license is issued, shall be in good standing in the state of its incorporation. All non-corporate applicants shall, at the time of the filing of an application for a license under this chapter and at all times after a license is issued, be registered or qualified to do business in the District of Columbia.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 10. Money Transmissions."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-1004","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"b6b18e3d4d498d52a12506f471a55238ce2fe70ec6b242c56586e0b1bba54072","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-1003","next":"us-dc/d.c.-code-26-1005"},"notice":"GroundRules: Original legal text. Not legal advice."}