(1) 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 a law, rule, or regulation has occurred, is occurring, or may occur.
(2) If a licensee fails to forward money received for transmission in accordance with 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, rule, or regulation.
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 402, � 1, effective August 6.