{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-1512","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-1512","heading":"Definitions","body":"As used in this act:\n\n1. \"Board\" means the Banking Board;\n\n2. \"Commissioner\" means the State Banking Commissioner;\n\n3. \"Currency\" or \"funds\" means the coin and paper money of the\n\nUnited States or of any other country that is designated as legal\n\ntender and that circulates and is customarily used and accepted as a\n\nmedium of exchange in the country of issuance. Currency includes\n\nU.S. silver certificates, U.S. notes, and Federal Reserve notes.\n\nCurrency also includes official foreign bank notes that are\n\ncustomarily used and accepted as a medium of exchange in a foreign\n\ncountry;\n\n4. \"Department\" means the Oklahoma State Banking Department;\n\n5. \"Licensee\" means a person granted a license by the\n\nCommissioner to engage in business as a money transmitter;\n\n6. \"Money services business\" includes each agent, agency,\n\nbranch, or office within the State of Oklahoma of any person doing\n\nbusiness, whether or not on a regular basis or as an organized\n\nbusiness concern, as a money transmitter or in one or more of the\n\ncapacities otherwise identified and defined by the Board. The term\n\n\"money services business\" shall not include a \"bank\" as that term is\n\ndefined in Title 31, Code of Federal Regulations, Chapter X, nor\n\nshall it include a person registered with and regulated or examined\n\nby the Securities and Exchange Commission or the Commodity Futures\n\nTrading Commission;\n\n7. \"Money transmitter\" means any person who engages in the\n\nbusiness of accepting currency or funds denominated in currency, and\n\ntransmits the currency or funds or the value of the currency or\n\nfunds, by any means through a financial agency or institution, a\n\nFederal Reserve Bank or other facility of one or more Federal\n\nReserve Banks, the Board of Governors of the Federal Reserve System\n\nor both, or an electronic funds transfer network;\n\n8. \"Money transmitter equipment\" means any type of terminal,\n\nmachine, computer software, access to any network, or any other type\n\nof tangible or intangible apparatus or system, or any combination\n\nthereof, that may be used by a money transmitter to initiate a\n\ntransmittal of currency;\n\n9. \"Person\" includes an individual, corporation, partnership,\n\nlimited partnership, limited liability company, trust or estate,\n\njoint stock company, association, syndicate, joint venture, or other\n\nunincorporated organization or group, Indian tribe, and all entities\n\ncognizable as legal personalities; and\n\n10. \"Supplier\" means any person that utilizes, designates or\n\notherwise authorizes another person, whether or not designated as an\n\nagent, to perform services of a money transmitter, or who provides\n\nmoney transmitter equipment to a person in connection therewith.","path":["OK Code","Title 6"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os6.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"0606666d2d8fbe15ac5107818c758aab8412c6249a5c91667868c017eb4914e9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-1511","next":"us-ok/okla.-stat.-tit.-6-6-1513"},"notice":"GroundRules: Original legal text. Not legal advice."}