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.
Tex. Fin. Code § 152.251
LIABILITY OF MONEY TRANSMISSION LICENSEE
Known as the Money Services Modernization Act
The act spans §§ 152–152 (65 sections).
Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895), Sec. 1.01, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.