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Arizona Arizona Revised Statutes

§ 6-1224 — Timely transmission

ARS § 6-1224Title 6. Banks and Financial Institutions · Ch. 12. TRANSMITTERS OF MONEY · Art. 1. Money Transmission

Statute text

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6-1224. Timely transmission A. Every licensee shall forward all money received for transmission in accordance with the terms of the agreement between the licensee and the sender unless the licensee has a reasonable belief or a reasonable basis to believe that the sender may be a victim of fraud or that a crime or violation of law has occurred, is occurring or may occur. B. If a licensee fails to forward money received for transmission pursuant to this section, the licensee must respond to inquiries by the sender with the reason for the failure unless providing a response would violate a state or federal law.

Source: Arizona Arizona Revised Statutes § 6-1224 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.