(a) A licensee shall provide its name and mailing address or telephone number to the purchaser in connection with each money transmission or currency exchange transaction conducted by the licensee directly or through an authorized delegate.
(b) An authorized delegate shall display prominently in a form and in a medium prescribed by the Securities Commissioner a notice that states or contains the following information:(1) The name, mailing address, and telephone number of the authorized delegate;(2) For each licensee of the authorized delegate:(A) A statement that the authorized delegate is an agent conducting business on behalf of the licensee under this chapter; and(B) The name, mailing address, and telephone number of the licensee; and(3) A statement:(A) Directing consumers with complaints to contact the State Securities Department; and(B) Containing the current mailing address and telephone number of the department.
(1) The name, mailing address, and telephone number of the authorized delegate;
(2) For each licensee of the authorized delegate:(A) A statement that the authorized delegate is an agent conducting business on behalf of the licensee under this chapter; and(B) The name, mailing address, and telephone number of the licensee; and
(A) A statement that the authorized delegate is an agent conducting business on behalf of the licensee under this chapter; and
(B) The name, mailing address, and telephone number of the licensee; and
(3) A statement:(A) Directing consumers with complaints to contact the State Securities Department; and(B) Containing the current mailing address and telephone number of the department.
(A) Directing consumers with complaints to contact the State Securities Department; and
(B) Containing the current mailing address and telephone number of the department.
(c) (1) Except as required by § 23-55-1008(a), a licensee or authorized delegate shall include a clear, concise, and conspicuous fraud warning that is posted in a conspicuous area or included on a transmittal form used by a consumer to send money to another individual.(2) The fraud warning required under subdivision (c)(1) shall:(A) include a toll-free telephone number for consumers to call to report fraud or suspected fraud; and(B) be in clear, conspicuous, and legible writing in English and in the language principally used by the licensee or authorized delegate to advertise, solicit, or negotiate, either orally or in writing, for a transaction conducted in person, electronically, or by telephone, if other than English.(3) A licensee shall monitor the activities of its authorized delegates relating to transmittals by consumers.(4) If a licensee or authorized delegate conducts money transmission activity through a website or a mobile application that is not in a physical location, the commissioner may authorize an alternative form of the fraud notice required under subdivision (c)(1).
(1) Except as required by § 23-55-1008(a), a licensee or authorized delegate shall include a clear, concise, and conspicuous fraud warning that is posted in a conspicuous area or included on a transmittal form used by a consumer to send money to another individual.
(2) The fraud warning required under subdivision (c)(1) shall:(A) include a toll-free telephone number for consumers to call to report fraud or suspected fraud; and(B) be in clear, conspicuous, and legible writing in English and in the language principally used by the licensee or authorized delegate to advertise, solicit, or negotiate, either orally or in writing, for a transaction conducted in person, electronically, or by telephone, if other than English.
(A) include a toll-free telephone number for consumers to call to report fraud or suspected fraud; and
(B) be in clear, conspicuous, and legible writing in English and in the language principally used by the licensee or authorized delegate to advertise, solicit, or negotiate, either orally or in writing, for a transaction conducted in person, electronically, or by telephone, if other than English.
(3) A licensee shall monitor the activities of its authorized delegates relating to transmittals by consumers.
(4) If a licensee or authorized delegate conducts money transmission activity through a website or a mobile application that is not in a physical location, the commissioner may authorize an alternative form of the fraud notice required under subdivision (c)(1).