Texas Finance Code
§ 152.303 — RECEIPTS
FI § 152.303Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 152. REGULATION OF MONEY SERVICES BUSINESSES · Art. G. GENERAL DUTIES AND RESTRICTIONS FOR MONEY TRANSMISSION LICENSEE
Statute text
View on source(a)This section does not apply to:
(1)money received for money transmission subject to the federal requirements for remittance transfers under 12 C.F.R. Part 1005, Subpart B;
(2)money received for money transmission that is not primarily for personal, family, or household purposes;
(3)money received for money transmission under a written agreement between a money transmission licensee and a payee to process payments for goods or services provided by the payee; or
(4)payroll processing services.
(b)In this section, "receipt" means a paper receipt, electronic record, or other written confirmation.
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Legislative history
Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895), Sec. 1.01, eff. September 1, 2023.