Texas Finance Code 152.303 – Receipts
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(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.
Terms Used In Texas Finance Code 152.303
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(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.