Tex.
Fin. Code Section 152.303
Receipts
(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.(c)
For a transaction conducted in person, a receipt may be provided electronically if the sender requests or agrees to receive an electronic receipt. For a transaction conducted electronically or by phone, a receipt may be provided electronically. All electronic receipts shall be provided in a retainable form.(d)
A money transmission licensee or the licensee’s authorized delegate shall provide the sender a receipt for money received for money transmission services.(e)
A receipt must contain, as applicable:(1)
the name of the sender;(2)
the name of the designated recipient;(3)
the date of the transaction;(4)
the unique transaction or identification number;(5)
the name of the money transmission licensee, the licensee’s NMLS Unique ID, the licensee’s business address, and the licensee’s customer service telephone number;(6)
the amount of the transaction in United States dollars;(7)
any fee charged by the money transmission licensee to the sender for the transaction; and(8)
any taxes collected by the money transmission licensee from the sender for the transaction.(f)
The receipt required by this section must be in English and in a language other than English if the money transmission licensee or authorized delegate principally uses that language to advertise, solicit, or negotiate, either orally or in writing, for a transaction conducted in person, electronically, or by phone.
Source:
Section 152.303 — Receipts, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.152.htm#152.303 (accessed Jun. 5, 2024).
