2025 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle E - Other Financial Businesses
Chapter 152 - Regulation of Money Services Businesses
Subchapter G. General Duties and Restrictions for Money Transmission Licensee
Section 152.303. Receipts
Sec. 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.
Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895), Sec. 1.01, eff. September 1, 2023.
