CMP.2.4.010 Applicability

(a) Unless exempt, any entity seeking to engage in Consumer Financial Services subject to this Code shall obtain all required licenses before engaging in Consumer Financial Services. Any exemption to this licensure requirement shall be granted by the Authority or by Governing Board resolution and shall only be granted after a showing of good cause. The following Persons are exempt from all licensing requirements:

(1) Any Person providing products or services in support of a Licensee not provided directly to the Licensee;

(2) Any national, state, or tribally chartered bank that is insured by the Federal Deposit Insurance Corporation or any subsidiary thereof;

(3) Any national, state, or tribally chartered credit union;

(4) Any Person licensed or otherwise authorized to engage in payment processing, money transmission, tax preparation, or the practice of law;

(5) Any credit bureau or similar third-party service provider or vendor engaged by a Licensee for purposes of risk assessment or similar pre-origination services.

(6) Any other federal insured financial institution and any of their subsidiaries; and

(7) Any employee of the above.

(b) A License is a revocable privilege to do business within the Tribe's jurisdiction.