1. (a) This section does not apply to:

   1. (1) money received for money transmission subject to the federal requirements for remittance transfers under 12 C.F.R. Part 1005, Subpart B;
   2. (2) money received for money transmission that is not primarily for personal, family, or household purposes;
   3. (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. (4) payroll processing services.
2. (b) In this section, "receipt" means a paper receipt, electronic record, or other written confirmation.
3. (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.
4. (d) A money transmission licensee or the licensee's authorized delegate shall provide the sender a receipt for money received for money transmission services.

5. (e) A receipt must contain, as applicable:

   1. (1) the name of the sender;
   2. (2) the name of the designated recipient;
   3. (3) the date of the transaction;
   4. (4) the unique transaction or identification number;
   5. (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. (6) the amount of the transaction in United States dollars;
   7. (7) any fee charged by the money transmission licensee to the sender for the transaction; and
   8. (8) any taxes collected by the money transmission licensee from the sender for the transaction.
6. (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.

Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895), Sec. 1.01, eff. September 1, 2023.