AB430

Nevada AB430 exempts payroll processing services from money transmission regulations.

Nevada AB430 amends existing law to exempt persons engaged solely in the provision of payroll processing services from the provisions governing money transmission. This means that such entities are no longer required to obtain a license from the Commissioner under the money transmission regulations. The bill also repeals certain duties imposed on payroll processing service providers, such as the requirement to provide paystubs or equivalent statements to each worker. This change aims to streamline the regulatory environment for payroll processing services in Nevada.