<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="12-427" title_number="12" title_name="Miscellaneous Institutions and Activities" subtitle_number="4" subtitle_name="Maryland Money Transmission Act">
  <text>A money transmitter is subject to the enforcement provisions of §§ 2–114 through 2–116 of this article if the money transmitter:</text>
  <level label="1">
    <text>Is not licensed under this subtitle; or</text>
  </level>
  <level label="2">
    <text>Is not an authorized delegate of a licensee.</text>
  </level>
</section>
