Liability of Money Transmission Licensee

Regulation of Money Services Businesses · Authorized Delegates

A money transmission licensee is liable for the payment of all money or monetary value received for transmission directly or by an authorized delegate appointed under this subchapter.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source

Legislative history

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