|Organization:||Division of Banks|
Opinion Summary of Selected Opinion 98-034
Table of Contents
Licensing Of Travel Agents Who Conduct Foreign Transmittal Transactions
Some travel agencies in Massachusetts are licensed by the Division of Banks to conduct foreign transmittal transactions as well as to sell travelers'' checks. Neither Mass. Gen. Laws ch. 169 governing foreign transmittal agencies nor chapter 167F § 4 governing the sales, issuance or registration of checks or money orders prohibits a travel agency from obtaining a license to carry out such types of business.