[§489D-21]  Authorized delegate contracts. 
Licensees desiring to conduct licensed activities through authorized delegates
shall authorize each delegate to operate pursuant to an express written
contract.  These contracts shall provide the following:



(1)  That the licensee appoints the person as the
licensee's delegate with authority to engage in money transmission on behalf of
the licensee;



(2)  That neither a licensee nor an authorized
delegate may authorize subdelegates without the written consent of the
commissioner;



(3)  That the licensee is subject to supervision and
rule by the commissioner; and



(4)  That the authorized delegate certifies that it is
in compliance with the recordkeeping and reporting requirements under Title 31
United States Code section 5311 et seq., 31 Code of Federal Regulations Part
103, section 125, and other federal and state laws pertaining to money
laundering. [L 2006, c 153, pt of §1]