53B.54 TIMELY TRANSMISSION.

112 words·~1 min read·/mn/chapter-53/53b-54

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Every licensee must 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, rule, or regulation has occurred, is occurring, or may occur.

(b)If a licensee fails to forward money received for transmission as provided under 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, rule, or regulation.