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2022 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-1224 - Timely transmission
Universal Citation: AZ Rev Stat § 6-1224 (2022)
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.
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